Market Update: Palm Oil Production

Market Update: Palm Oil Production

 

According the the Malaysian palm oil board (MPOB):

  • June Crude output of 1,763,928 metric tons is down 2.58% from May
  • Palm exports of 1,697,256 metric tons are up 5.19%
  • Ending stocks of 2,151,287 MT are down 4.33%
  • Crude palm oil stocks are down 14%

Malaysia palm export activity over the first 10 days of July

  • Crude palm oil shipments are down 88% month over month
  • RBD palm stearin shipments down 60%
  • RBD palm oil shipments down 54%
  • RBD palm olefin down 6%
  • Exports to India down 88%, Eu down 56%, Middle East down 56%

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