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

The MPOB demand figures for November continued to trend lower.  Exports were down 4% month over month, falling from 1.43 million metric tons to 1.37 MMT.  This was the lowest monthly November total in more than five years. Fortunately, crude output remained subdued.  CPO was 1.575 million metric tons, down 6.14% from October and well below normal November output levels.

…