Malaysia Oct palm oil output up 13% on month at 2.01 mln tn.

Production of palm oil in Malaysia soared 12.9% on month in October to 2.01 mln tn, while palm oil inventories were up 8.4% at 2.19 mln tn. Exports of palm oil increased 2.04% to 1.55 mln tn. Crude palm oil stocks were at 1.23 mln tn at the end of October, up 15.38% on month, while processed palm oil stocks were up 0.58% at 959,251 tn. Malaysia is the world’s second-largest producer and exporter of palm oil. Biodiesel exports from Malaysia were at 5,572 tn in October, down 33.61% from September.