Malaysia's total palm oil stocks rose for a fifth consecutive month to 2.1mn t in July, the highest level in 19 months, Malaysian palm oil board (Mpob) data show.
Palm oil supply in Malaysia rose by 4pc on the month in July as the country's palm oil production outpaced its exports in the month, supported by a double-digit percentage growth in output from the peninsula.
Active third-month CPO futures on the Bursa Malaysia Exchange averaged 4,194 ringgit/t ($991/t) in July, up from 3,962 ringgit/t in the same month a year earlier.
Market participants track Malaysian palm oil stocks to gauge demand and supply dynamics as its monthly palm oil data releases are considered more reliable than Indonesia's. Malaysia is the second-largest producer of palm oil globally after Indonesia.
Malaysia produced 1.8mn t of crude palm oil (CPO) in July, 2pc lower on the year, despite rising by 7pc from June 2025. Output in Peninsular Malaysia rose by 14pc on the month to 1.1mn t, offsetting a 5pc and 2pc monthly fall in Sabah and Sarawak respectively. East Malaysia produced a total of 685,000t in July.
Palm oil exports fell by 23pc on the year to 1.3mn t in July, but rose by 4pc from June. All categories of palm product exports increased on the month in July, with biodiesel exports climbing to a 21-month high of 49,000t after hitting a multi-year low of 3,000t in June. Oleochemical exports also rose by 22pc from a month earlier to 249,000t in July.
