November numbers: Courses for Palmölfutures fixed

Malaysia's Palmölfutures also today firmly closed after the Palm Oil Board issued its November figures. The production and inventory estimates declined.
The November production fell to 1.575 million tons and thus stronger than it had expected the experts in advance. They went out of 1,632 million tons. That was less than the October production. 1.654 million tons were produced in November 2015. Overall this resulted in late November also lower stocks, estimated now at 1,656 million tons.
Despite the restrictions, stocks rose to a four-month high and hence for the October stocks that were specified with 1,574 million tons. In November last year was the stock at 2,911 million tons. Now they are as low as since November 2010 no longer.
Exports were higher in November with 1,370 million tonnes were expected, but lower than in the November 2015 as 1,500 million tonnes carried out.

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