Palm oil stocks in Malaysia in November fell to a minimum in the last 4 years
According to the Malaysian Palm Oil Board (MPOB), Malaysian palm oil stocks in November fell for the second consecutive month to the lowest level in 4 years – to 1.84 million tons (-2.6% m/m), Reuters reports.
The decline in stocks was facilitated by a decrease in crude palm oil production in November – by 9.8% month-on-month to 1.62 million tons, the lowest monthly figure since 2020.
Palm oil exports also fell in November, down 14.7% to 1.49 million tons.
Earlier, the Council of Palm Oil Producing Countries (CPOPC) predicted that prices for the product next year could range from 4000 to 5000 ringgit ($904-1130) per tonne, due to stagnant production in key markets, especially in Indonesia and Malaysia.
Discover more about аgri market developments at the 11 International Conference BLACK SEA OIL TRADE on September 23 in Bucharest! Join agribusiness professionals from 25+ countries for a powerful start of the oilseed season!
Read also
The Counterparty Is Trying to Avoid Fulfilling the Contract. What Should You Do?
Kazakhstan to export 10.4 mln tons of grain in MY 2025/26
Pea production in Ukraine is growing at the fastest pace among agricultural crops
ADM, PepsiCo and Mars launch regenerative agriculture program in Poland
EU approves Malaysian palm oil certification
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon