Palm oil stocks in Malaysia have increased despite a reduction in production and an increase in exports, which has halted the rise in quotations.

According to the Malaysian Palm Oil Board (MPOB), in September, the production of crude palm oil in Malaysia decreased by 0.7% compared to August (August saw a growth of 2.4% in July - 7.09%) to 1.84 million tons, while exports increased by 7.7% (-0.7% in August and +3.82% in July) to 1.43 million tons. However, due to the recalculation of initial stocks and increased imports, palm oil stocks in the country in September rose (for the 7th consecutive month) by another 7.2% (+4.2% in August, +4% in July, and +4% in June) to a 2-year high of 2.36 million tons. On Friday, November futures for palm oil on the Bursa Malaysia exchange fell by 1% to 4544 ringgits/ton or 1076 $/ton, partially losing the speculative growth of 2.3% over the week, but over the month prices increased by 2.5% in dollar terms due to increased exports, which, according to the survey company AmSpec Agri Malaysia, in the period from October 1 to October 10 increased by 19% compared to the same period in September ...