Malaysian palm oil stocks seen rising to 2.93mil tonnes in December

to fall 11 per cent MoM to 1.72 million tonnes in December 2025. According to Amspec, palm oil exports fell 10.3 per cent MoM to 396,477 tonnes in the first 10 days of December 2025. “In November 2025, the average crude palm oil (CPO) price declined 7.3 per cent MoM to RM4,089 per tonne, bringing the first 11 months of 2025 average to RM4,312 per tonne, broadly in line with the firm’s 2025 forecast. “However, prices have weakened recently, with spot CPO at RM4,029 per tonne and three-month futures at RM4,045 per tonne,” it noted. Palm oil stockpiles reached their highest level since March 2019, rising 13 per cent MoM to 2.84 million tonnes in November 2025. Although output fell and domestic consumption increased, exports dropped sharply, resulting in higher-than-expected stock levels compared with the Reuters survey estimate of 2.66 million tonnes. Output fell 5.3 per cent MoM to 1.94 million tonnes in November 2025 as the lower cropping season began, although production for the ...