Malaysia’s palm oil exports climb 0.93 percent to 1.54 million tonnes in September

Published 2024년 10월 10일

Tridge summary

In September 2024, Malaysia experienced a slight uptick in palm oil exports, totaling 1.54 million tonnes, which is a 0.93% increase from the previous month. Despite this growth, the country saw a decline in crude palm oil (CPO) production, with a 3.8% decrease to 1.82 million tonnes, and a 4.87% drop in palm kernel production to 433,785 tonnes. Additionally, there was a notable increase in palm kernel oil and cake exports, reaching 126,446 tonnes and 232,944 tonnes respectively, while exports of oleochemicals and biodiesel saw a decrease. CPO imports remained at zero, and palm kernel oil imports also fell by 20.68% to 10,887 tonnes. Overall, the report highlights mixed trends in Malaysia's palm oil industry.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) reported that palm oil exports in September 2024 saw a marginal increase of 0.93 per cent to 1.54 million tonnes from 1.53 million tonnes in August 2024. It said Malaysia's crude palm oil (CPO) production dropped 3.8 per cent, or 71,926 tonnes, to 1.82 million tonnes in September 2024, from 1.89 million tonnes in August. Palm kernel output eased by 4.87 per cent month-on-month to 433,785 tonnes in September from 455,976 tonnes previously, MPOB said in its report on the palm oil industry's performance for September. The production of crude palm kernel oil output was down by 6.45 per cent to 193,836 tonnes from 207,194 tonnes in August, while palm kernel cake fell by 5.34 per cent to 215,166 tonnes from 227,302 tonnes previously. In terms of inventory, the agency reported that CPO stocks rose by 10.91 per cent to 1.06 million tonnes against 953,145 tonnes in August. Processed palm oil stockpiles gained 2.85 per cent to 956,726 tonnes ...

Source: Astroawani