Malaysia’s Palm Oil Exports Oil Up 7.7%—Stocks Slip, Output Dips!

Malaysia’s palm oil exports in September are projected to reach 1.43 million metric tons, up 7.7% from August, driven by stronger overseas demand. However, palm oil end-stocks are forecast to decline 2.5% to 2.15 million metric tons due to seasonal production slowdown. Crude palm oil output is estimated at 1.79 million metric tons, down 3.3% from August, reflecting typical year-end production dips.

 

Key Points:

 

Export Increase: September palm oil exports expected at 1.43 million metric tons, a 7.7% rise from August.

 

Stock Decline: Palm oil end-stocks forecast at 2.15 million metric tons, down 2.5% month-on-month.

 

Production Decline: Crude palm oil output estimated at 1.79 million metric tons, a 3.3% decrease from August.

 

Seasonal and Demand Drivers

Sources: Reuters Poll, Malaysian Palm Oil Board (MPOB), AmSpec Agri