Slowing Exports Buoy Malaysian Palm Oil

Palm oil stocks in Malaysia, the world’s second largest producer and exporter after Indonesia, have surpassed Indonesia’s for the first time since 2011 by 500,000 tonnes. The Malaysian Palm Oil Board reported that stocks ended December at 2.73 million tonnes. At a forecasted 1.42 million tonnes, lower-than-expected exports in December contributed to the highest ending stocks in two years. Stocks are expected to dwindle with increased export demand as Malaysia temporarily suspends a palm oil export tax. Gro Intelligence can help you to monitor developments in changing palm and other vegetable oil markets.