Malaysia’s palm oil stocks up 12.6% in May

Published 2023년 6월 13일

Tridge summary

In May 2023, Malaysia saw a notable increase in its palm oil stocks, with a 12.6% rise to 1.69 million tonnes compared to the previous month. This increase was largely due to a 10.7% rise in crude palm oil (CPO) inventory to 921,800 tonnes and a 15.1% increase in processed palm oil stocks to 764,982 tonnes. Despite this, palm oil exports saw a slight decrease of 0.8% to 1.08 million tonnes. However, there was a significant increase in biodiesel exports, with a 219.8% surge to 13,568 tonnes. Total palm oil imports also increased by 87.7% to 80,926 tonnes.

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

Original content

Malaysia’s total palm oil stocks increased 12.6 per cent to 1.69 million tonnes in May 2023 from 1.50 million tonnes in the preceding month. The Malaysian Palm Oil Board (MPOB), in its latest industry performance report, said crude palm oil (CPO) inventory grew by 10.7 per cent to 921,800 tonnes last month from 832,966 tonnes in April. Processed palm oil stocks, meanwhile, rose by 15.1 per cent to 764,982 tonnes from 664,651 tonnes previously. CPO production improved by 26.8 per cent to 1.52 million tonnes in May from 1.20 million tonnes in the month before, while palm kernel output went up by 25.1 per cent to 367,689 tonnes from 293,919 tonnes. However, MPOB said, palm oil exports edged down 0.8 per cent, or 8,521 tonnes, to 1.08 million tonnes in May from 1.09 million tonnes previously while oleochemical exports increased 2.5 per cent to 227,043 tonnes. Meanwhile, biodiesel exports surged 219.8 per cent to 13,568 tonnes in May from the preceding month’s 4,242 tonnes, exports of ...

Source: UkrAgroConsult