KUALA LUMPUR: Malaysia’s December palm oil end-stocks fell 4.09% from previous month to 2.19 million tonnes, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Tuesday.

Crude palm oil production fell 3.68% from November to 1.62 million tonnes, while palm oil exports ticked down 3.48% to 1.47 million tonnes, MPOB said.

A Reuters survey forecast inventories falling to 2.17 million tonnes.

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Production was seen lower at 1.63 million tonnes, while exports were pegged at 1.5 million tonnes.