End-month stocks fell 10% from to 1.66 million metric tons.
Export 1.48 million metric tons or 5.3% higher from a month ago.
Here is the table from MPOB data:
June May Change
On Month Crude Palm Oil Output 1,569,788 1,656,957 Dn 5.3% Palm Oil Exports 1,481,262 1,406,918 Up 5.3% Palm Kernel Oil Exports 59,249 87,495 Dn 32.3% Palm Oil Imports 0 8,025 Dn 100.0% Closing Stocks 1,656,736 1,841,360 Dn 10.0% Crude Palm Oil 828,414 978,812 Dn 15.5% Processed Palm Oil 828,322 861,548 Dn 3.9%
Production in Sabah Sarawak drop 10% that have big influence now while P.Malaysia unchanged. Both East and West Malaysia almost have the same production figures now a day.
The 10% drop in end month stock mainly due to P.Malaysia that have more than 13% drop or more than 100,000 metric tons that killed the bear today after opening at 3pm on Bursa Malaysia.