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

The MPOB monthly supply and demand figures for June showed exports took a step back from May. Total palm oil exports fell 8.4% to 1.38 million metric tons, down 126,365 MT from May. Despite the downturn, palm oil exports tend to follow a cyclical cycle that often improves through October. June exports, while down from May, are 21% more than what was seen in June of 2016. Crude palm oil output…