Malaysian palm oil stocks expected to fall in coming months

Malaysian palm oil stocks are expected to end the year at around 1.7M tonnes due to a seasonal slowdown in production alongside rising exports to meet festive season demand, according to The Star. “Production is slowly coming down, and we expect exports to rise in the coming months on festive season demand,” Malaysian Palm Oil Board (MPOB) director-general Ahmad Parveez Ghulam Kadir said. Palm oil production in Malaysia, the world’s second largest producer and exporter of the oil, typically tapers off towards year-end following a strong September quarter, according to the 30 September report. In August, palm oil stocks in Malaysia rose 4.18% month-on-month to 2.2M tonnes, the highest level since December 2023, according to MPOB data. Meanwhile, The Starreported that world palm oil leader Indonesia’s domestic crude palm oil (CPO) usage had surged in 2024, leading to a drop in exports. Almost half of the country’s CPO output of 23.8M tonnes was used by the domestic market in 2024 ...