Malaysia Palm Oil Board’s (MPOB) May Palm Oil Supply and Demand Data

The MPOB monthly supply and demand figures for May showed exports continued to improve in a month over month comparison. Total palm oil exports grew by 17.4% to 1.505 million metric tons, up 222,621 MT from April, as cyclical export demand continues to ramp higher. This trend often continues through October. May exports not only exceeded April activity, but were 17.43% more than what was seen…