News

Malaysia’s palm oil stocks fall to 10-month low

RBD Palm Oil
Malaysia
Market & Price Trends
Published Apr 17, 2024

Tridge summary

Malaysia has seen its palm oil stocks fall to a 10-month low at the end of March, according to the Malaysian Palm Oil Board. The stocks decreased by 10.68% to 1.71 million tons, driven by a surge in exports of 28.61% to 1.32 million tons and a 10.57% increase in crude palm oil production to 1.39 million tons. This reduction in stockpiles is viewed positively by the market, with expectations of further declines by the end of April due to decreased production during Ramadan and sustained high export demand.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Palm oil stocks in Malaysia by the end of March sagged to the lowest level in the last 10 months amid a sharp increase in exports, the national MPOB (Malaysian Palm Oil Board) reported. According to experts, palm oil residues in the domestic market are estimated at 1.71 million tons, which is 10.68% below the level of February this year. At the same time, crude palm oil production (crude palm oil, CPO) increased by 10.57% to 1.39 million tons, while exports increased by 28.61% to 1.32 million tons. Sunvin Group head of research Anilkumar Bagani says the MPOB report “is optimistic for the market”. “CPO stockpiles are depleting rapidly and could be further ...
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