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It is expected that the palm oil inventory in Malaysia will decrease to around 1.8 million tons by the end of November.
Business Times News on November 29th.
National Grain and Oil Information Center News on November 28th: Malaysiapalm oil.Palm Oil Board (MPOB) will release the monthly supply and demand data for November on December 10th. According to plantations in the origin, Malaysian palm oil has entered a period of reduced production since November. Data from the Southern Malaysia Palm Oil Association shows a 3.24% decrease in palm oil production in Southern Malaysia from November 1st to 25th, with an expected local palm oil production decrease of 5% in November.
In November, the international palm oil prices fluctuated at high levels, with export demand being suppressed. Many shipping institutions monitored that from November 1st to 25th, the export volume of Malaysian palm oil decreased by 8.2% to 9.2% compared to the previous month, with an expected decrease of around 8% in November. Overall, it is expected that by the end of November, Malaysian palm oil stocks will continue to decline to around 1.8 million tons, with a monthly decrease of 5 to 0.1 million tons. Keep an eye on the subsequent production and export situations.
(Source: Shengyishe)
National Grain and Oil Information Center News on November 28th: Malaysiapalm oil.Palm Oil Board (MPOB) will release the monthly supply and demand data for November on December 10th. According to plantations in the origin, Malaysian palm oil has entered a period of reduced production since November. Data from the Southern Malaysia Palm Oil Association shows a 3.24% decrease in palm oil production in Southern Malaysia from November 1st to 25th, with an expected local palm oil production decrease of 5% in November.
In November, the international palm oil prices fluctuated at high levels, with export demand being suppressed. Many shipping institutions monitored that from November 1st to 25th, the export volume of Malaysian palm oil decreased by 8.2% to 9.2% compared to the previous month, with an expected decrease of around 8% in November. Overall, it is expected that by the end of November, Malaysian palm oil stocks will continue to decline to around 1.8 million tons, with a monthly decrease of 5 to 0.1 million tons. Keep an eye on the subsequent production and export situations.
(Source: Shengyishe)
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