Malaysia produced 1.14 MMT of palm oil last month, down 117,000 MT from January but still posting another month of year-on-year growth thanks to low production in early 2021. Production should rise in March and April, but total output is expected to be lower [...]
USDA lowered projected 2021/22 world palm oil stocks by 149,000 MT in the January oilseeds update. A decline in Malaysian palm oil production was the major factor in the adjustment. Production in Malaysia is now forecast at 18.7 MMT, down 1.0 MMT from the [...]
A global glut of palm oil should be hindering price appreciation, but that hasn’t been the case recently. Prices are up considerably, but if bearish fundamentals prevail, the rise may be short-lived. Malaysian palm oil stocks were at a record 3.007 MMT at the [...]
