Malaysia’s palm oil stocks fall to lowest level in nearly three years
Data from the Malaysian Palm Oil Board (MPOB) shows that Malaysia’s palm oil stocks in late February fell to their lowest level in nearly three years due to flooding that disrupted harvesting and transportation. Malaysia’s palm oil stocks continue to fall for the fifth consecutive month.
According to MPOB, Malaysia’s palm oil stocks at the end of February fell 4.31% from the previous month to 1.51 million tons, to the lowest level since April 2023.
Unrefined palm oil production in February fell 4.16% to 1.19 million tons, to the lowest level in three years due to flooding.
Palm oil exports in February fell 16.27% to a 4-year low of 1 million tons.
Malaysia’s January 2025 palm oil exports fell 12.94% to 1.17 million tons, according to MPOB data.
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