Malaysia’s palm oil production will reach a record 20 mln tons in 2025

Malaysian officials said Malaysia’s crude palm oil production is projected to increase 3.4% year-on-year to reach a record 20 million tonnes by the end of 2025, SunSirs reports. Data from the Malaysian Palm Oil Board (MPOB) shows that Malaysia’s crude palm oil production in October increased 11.02% from the previous month to 2.04 million tonnes. Exports increased 18.58% to 1.69 million tonnes. MPOB estimates that stocks rose 4.44% in October to 2.46 million tonnes, reaching their highest level since April 2019. It was previously reported that crude palm oil production in October jumped 11.02% to 2.04 million tonnes, the highest since August 2015, while exports increased 18.58% to 1.69 million tonnes, marking a record annual increase. Previous estimates had projected October stocks at 2.44 million tonnes, production at 1.94 million tonnes, and exports at 1.48 million tonnes. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, ...