Malaysia's end-January palm stocks down 12.2pc

KUALA LUMPUR: Malaysia's palm oil stocks at the end of January fell 12.2 percent to 1,770,299 tonnes against a revised 2,015,789 tonnes at the end of December, industry regulator Malaysian Palm Oil Board said on Tuesday.

The fall is largely in line with market estimates for inventories in the second-largest grower to shrink to 1.77 million tonnes, their smallest level in six months, after flooding in the Borneo region coupled with seasonally low yields reduced output to the lowest level since February 2011.