Malaysia’s palm oil exports rose 42.7% in March
The International Transport Shipping Agency (ITS) released estimates of Malaysia’s palm oil exports, showing that shipments of tropical oil in March reached 1.64 million tonnes, up 42.7% from 1.15 million tonnes in February.
The agency noted that the significant increase in exports may ease pressure on stock levels, support price growth, and improve market sentiment. Based on current supply and demand fundamentals, the export rise reflects the peak consumption season effect.
Earlier, Malaysia raised the base price and export duty on palm oil for April by 9%. The base price for crude palm oil in April 2026 was set at 3,935.19 ringgit per tonne (USD 999.29).
According to OleoScope, palm oil was trading at $1,159 per tonne at the end of March, up more than 8% since the start of the year. The Malaysian Palm Oil Council expects prices to remain above $1,125 per tonne in the near term.
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