Looking back on previous MPOB figures, end month stock of palm oil in Malaysia reached 2.05 million metric tonnes (mmt) due to higher than expected production data while export remained weak before the September October export duty fee was waived.
As production will normally reach its peak around October November, the end month stock will also keep going up sharply if palm oil export is below 1.5mmt.
Now, assume that production unchange in the coming three months at 2.03mmt, export 1.5mmt without heavy local disappearance at about 0.2mmt. Will it be possible to reach 3 million mark!?
| Sept | Oct (e) | Nov (e) | Dec (e) | |
| Production | 2.03 | 2.03 | 2.03 | 2.03 |
| Export | 1.43 | 1.5 | 1.5 | 1.5 |
| Stock | 2.05 | 2.38 | 2.71 | 3.04 |