Malaysia’s crude palm oil output reached its highest level in over six years in October, rising 11% month‑on‑month to around 2.04 million tonnes. Exports also improved strongly, increasing by nearly 19% to 1.69 million tonnes. This combination pushed total end‑of‑month stocks to 2.46 million tonnes, a 6.5‑year high.
Benchmark prices for Malaysian palm oil rose modestly, supported by strength in rival oils such as soya and rapeseed, which lifted overall pricing sentiment. At the same time, the impact of weak crude oil prices, often seen as a drag on palm oil’s use in biofuel, is being offset by firm demand in core markets. Buyers in key regions are stepping up purchases as inventories in importing countries remain thin, leaving room for trade flows to accelerate in the coming months.
Early November shipment data did show a short‑term dip in exports, down between 9.5 % and 12.3 % compared with October. However, this follows a very strong month and may reflect timing factors rather than weakening demand. The broader trend remains constructive, particularly with supply chains in other edible oils still constrained and geopolitical tensions continuing to affect global food trade patterns.
Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.
