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.
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 22nd International Conference BLACK SEA GRAIN. EUROPE-2025 on February 13 – 14 in Prague.
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