Malaysia's palm oil stocks at highest in nearly 2 years, says MPOB
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
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
CNA938 Rewind - Telco shake-up: Simba buys M1 mobile, StarHub fully acquires MyRepublic
Singapore-based Keppel is selling M1's telecom business to rival Simba Telecom for $1.43 billion, marking the first major telco consolidation in Singapore's history. Meanwhile, StarHub is set to take full control of MyRepublic's broadband business. Andrea Heng and Hairianto Diman explore what these moves mean for the industry and how existing customers of all three providers could be affected with Manoj Menon, Founder, Twimbit.
CNA
an hour ago
- CNA
CNA938 Rewind - Stock take today: Trump delays China tariffs, hints at Nvidia chip sales
On the daily markets analysis on Open For Business, Andrea Heng and Hairianto Diman speak with Jeff Ng, Head of Asia Macro Strategy, Sumitomo Mitsui Banking Corporation
Straits Times
an hour ago
- Straits Times
South Korea's Lee, Trump to hold summit on August 25 on security alliance, economy
Sign up now: Get ST's newsletters delivered to your inbox The South Korean and American flags fly next to each other at Yongin, South Korea, August 23, 2016. Courtesy Ken Scar/U.S. Army/Handout via REUTERS/File Photo SEOUL - South Korean President Lee Jae Myung and U.S. President Donald Trump will hold their first summit meeting on August 25 in Washington to discuss strengthening the two nations' alliance and economic security partnership, Lee's office said on Tuesday. Lee, who was elected president in a snap election in June, has made it a top priority to help his export-dependent country navigate the dramatic changes in the global trading environment triggered by Trump's tariff policies. Developing their security alliance to "a future-oriented comprehensive security alliance" and economic security partnership will feature highly in the meeting, presidential spokesperson Kang Yu-jung told a briefing. Based on the tariff deal reached last month, the two leaders will seek to push forward a partnership in the manufacturing sector, including in semiconductors, batteries and shipbuilding, Kang said. Trump announced on July 30 the countries had reached a trade deal that would subject South Korean goods to 15% import duties, lowering the tariff he had initially set against one of America's top trading partners. Trump has said South Korea will announce investment plans at the upcoming summit and that Seoul had committed to making $350 billion of investments to be "selected" by him. REUTERS
