Malaysia’s palm oil stocks hit two-year high
According to the Malaysian Palm Oil Board (MPOB), Malaysia’s palm oil stocks rose to their highest level in almost two years in July 2025, reaching 2.11 million tonnes. This is an increase of 4.02% compared to the previous month, due to high production rates that exceeded demand growth.
Crude palm oil production in July rose 7.09% compared to June to 1.81 million tonnes, the highest since September last year. Meanwhile, palm oil exports rose 3.82% to 1.31 million tonnes after a sharp decline in June, the MPOB said.
Analysts polled by Reuters had forecast stocks at 2.25 million tonnes, production at 1.83 million tonnes and exports at 1.3 million tonnes. Actual production and export figures were close to forecasts, but inventories were lower than expected.
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