Malaysia Jan CPO output down 16.8% on month at 1.2 mln tn, exports fall 13%
This story was originally published at 17:52 IST on 10 February 2025
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--Malaysia palm oil board: Jan CPO output down 16.8% on month at 1.2 mln tn
--Malaysia palm oil board: Jan CPO exports 1.2 mln tn, down 13% on month
--Malaysia palm oil board: Jan-end palm oil stock 1.6 mln tn, dn 7.6% on mo
MUMBAI – Production of crude palm oil in Malaysia fell 16.8% on month to 1.2 million tonnes in January, according to preliminary data from the Malaysian Palm Oil Board released on Monday. Month-end palm oil stocks and exports also fell in January, the data showed.
In January, Malaysia's palm oil exports fell 13% on month to 1.2 million tonnes and stocks were down 7.6% at 1.6 million tonnes, the data showed. Malaysia is the world's second-largest producer of crude palm oil, and India is the largest consumer of edible oils.
On Monday, the most-active April contract of crude palm oil closed at 4,593 ringgits (INR 90,130.09) per tonne, up 2% from the previous close. On a monthly basis, prices rose nearly 5% from 4,391 ringgits per tonne.
Crude palm oil ended higher due to bullish sentiment after the Malaysian Palm Oil Board report, which showed another month of decline in stock levels in the country, Dow Jones quoted David Ng, a trader at Kuala Lumpur-based Iceberg X, as saying. "Weaker-than-expected output growth also maintained the positive sentiment in the market."
Support for the April contract is seen at 4,500 ringgits and resistance at 4,700 ringgits.
The following table details Malaysia's palm oil output, exports, and stocks for January compared with the previous month:
| Commodity | January (in tn) | December(in tn) | MoM change (in %) | |
| Production | Crude palm oil | 1,237,078 | 1,486,942 | (-)16.8 |
| Exports | Palm oil | 1,168,324 | 1,341,936 | (-)13 |
| Biodiesel | 33,795 | 15,231 | 122 | |
| Stocks | Crude palm oil | 788,946 | 894,330 | (-)12 |
| Processed palm oil | 790,817 | 814,426 | (-)3 | |
| Total palm oil | 1,579,763 | 1,708,756 | (-)7.6 |
End
US$1 = INR 87.48
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by J. Navya Sruthi
Edited by Avishek Dutta
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