Reuters predicts that Malaysia's palm oil inventory will decrease in October 2024, dropping by 4.64% to 1.92 million tonnes due to a decrease in production and an increase in exports. Production is projected to decline by 3.2% to 1.76 million tonnes. Despite this, the market shows resilience with a significant rise in exports, demonstrating the demand to replenish stocks amidst anticipated higher palm oil prices due to lower production. Malaysia is the world's second-largest palm oil producer, contributing to approximately 80% of the global supply.