KUALA LUMPUR (March 12): Malaysia's palm oil stocks at end-February fell 2.9% from the previous month to 2.48 million tonnes, industry regulator Malaysian Palm Oil Board (MPOB) said on Monday.
Production in February dropped 15.4% to 1.34 million tonnes. Exports fell 13.3% to 1.31 million tonnes.
A Thomson Reuters survey had pegged inventory levels to drop 6.9% to 2.37 million tonnes in February. Production was seen down 12% at 1.4 million tonnes, while exports were forecast to fall 11.9% to 1.33 million tonnes.
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