Palm oil exports from Malaysia fell by 16% in December

Malaysia’s palm oil exports fell by 15.9% to 16.4% in the first ten days of December compared to the previous month, according to SunSirs, China’s national commodity market analysis center, citing data from the Malaysian Shipping Inspection Agency. According to the agency, Malaysia’s palm oil exports in the first ten days of December fell by 15.9% to 16.4% compared to the previous month, indicating a significant weakening in demand that could lead to oversupply and inventory accumulation in the spot market, putting downward pressure on palm oil prices. The decline in exports reflects weak global demand, particularly in the off-season, further fueling expectations of lower prices. Earlier, it was reported that Malaysia’s palm oil inventories increased for the sixth consecutive month due to lower exports, increasing by 13% month-on-month to 2.84 million tonnes. Analysts expect the country’s palm oil production to reach 20 million ...