Malaysia Palm Oil Stockpiles Jump 5.2% to 2.43 Million Tons as Exports Hit 1-Year Low
Updated
Updated · Bloomberg · Jun 10
Malaysia Palm Oil Stockpiles Jump 5.2% to 2.43 Million Tons as Exports Hit 1-Year Low
1 articles · Updated · Bloomberg · Jun 10
Summary
2.43 million tons of palm oil sat in Malaysian inventories in May, a 5.2% monthly increase and the fastest buildup in five months.
Exports fell to a one-year low, driving the stockpile surge even though production was weaker in the world's second-largest grower.
2.2% was the median forecast for the inventory increase in a Bloomberg survey, leaving the actual rise at more than double expectations.
Discounted Indonesian cargoes pulled buyers away after Jakarta overhauled its commodity export rules, underscoring how regional policy shifts are reshaping palm oil trade flows.