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CNA
an hour ago
- CNA
Malaysia's palm oil stocks rise to highest in nearly two years
KUALA LUMPUR :Malaysia's palm oil stocks rose for a fifth consecutive month in July to their highest level in almost two years as production growth outpaced exports, data from the industry regulator showed on Monday. The rise in inventory in the world's second-biggest producer of the tropical oil could weigh on benchmark Malaysian futures, which were trading near their highest in nearly four months. [POI/] Palm oil inventories at the end of July rose 4.02 per cent over the month to 2.11 million metric tons, the highest since December 2023, data from the Malaysian Palm Oil Board (MPOB) showed. Crude palm oil production was up 7.09 per cent in July from June to 1.81 million tons, the highest since September last year, while palm oil exports increased by 3.82 per cent to 1.31 million tons after a large fall in June, the MPOB said. A Reuters survey had forecast Malaysian inventory at 2.25 million tons, with output seen at 1.83 million tons and exports at 1.3 million tons. Malaysian July exports were capped by aggressive selling at a discount by rival Indonesia, which wanted to ship as much as possible before a higher export duty becomes effective in August, said Tajgir Rahman, general manager, trading and procurement at IFFCO. Exports from Malaysia will rise in August, as Indonesia's move to raise its export tax narrows the discounts that Indonesian shipments had been enjoying over Malaysian supplies, he said. Malaysia's palm oil exports in the first ten days of August rose 23.3 per cent compared to the first ten days of July, cargo surveyor Intertek Testing Services said on Sunday. The rise in palm oil stocks is not burdensome for the market, as production in August is underperforming, while exports are picking up, said Anilkumar Bagani, research head of Mumbai-based vegetable oil broker Sunvin Group. Following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for July (volumes in tons): July 2025 July 2025 June 2025 July 2024 poll Output 1,812,417 1,827,695 1,692,370* 1,840,999 Stocks 2,113,278 2,250,000 2,031,560* 1,754,384 Exports 1,309,059 1,300,000 1,260,930* 1,689,710 Imports 60,000 70,015 10,483 61,039
CNA
2 hours ago
- CNA
Malaysia's palm oil stocks at highest in nearly 2 years, says MPOB
(Corrects import figure for July 2025 in the table to 61,039 from 53,223) KUALA LUMPUR :Malaysia's palm oil stocks rose to their highest level in almost two years in July, increasing 4.02 per cent over the month to 2.11 million metric tons as robust production outpaced an increase in demand, data from the industry regulator showed on Monday. Crude palm oil production was up 7.09 per cent in July from June to 1.81 million tons, the highest since September last year, while palm oil exports increased by 3.82 per cent to 1.31 million tons after a large fall in June, the Malaysian Palm Oil Board (MPOB) said. A Reuters survey had forecast inventories at 2.25 million tons, with output seen at 1.83 million tons and exports at 1.3 million tons. Following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for July (volumes in tons): July 2025 July 2025 June 2025 July 2024 poll Output 1,812,417 1,827,695 1,692,370* 1,840,999 Stocks 2,113,278 2,250,000 2,031,560* 1,754,384 Exports 1,309,059 1,300,000 1,260,930* 1,689,710 Imports 60,000 70,015 10,483 61,039
CNA
3 hours ago
- CNA
Market Insights - Deglobalisation, Debt, Demographics and AI
Market Insights About the show: Join a panel of financial experts as they unpack the key investment trends defining the second half of 2025 amid rapid economic and technological shifts. Discover how AI and deglobalisation are reshaping opportunities. Learn how to navigate market volatility, build resilient portfolios and position your investments for growth. Brought to you by UOB Privilege Banking.
