Commodity News
SunSirs: MPOC Predicts Tight Palm Oil Storage in Malaysia in February
February 19 2025 14:56:29 SunSirs (Selena)
According to the Malaysian Palm Oil Council (MPOC), despite a 13% decline in palm oil exports in January and a 133% surge in imports from Indonesia, the number of palm oil depots in Malaysia remained at 1.58 million tons in January 2025, the lowest level in 21 months.
Looking ahead, MPOC believes that palm oil inventories in Malaysia are unlikely to improve in February, as there are only 28 days in February and production and exports typically decline, while consumption before Ramadan will remain stable.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
- 2025-02-21 SunSirs: Malaysia Lowers Palm Oil Reference Price by nearly 9% in March, 2025
- 2025-02-20 SunSirs: Long and Short Intertwined, China Palm Oil Market Oscillates and Oises
- 2025-02-13 SunSirs: External Market Gains, China Palm Oil Market Continues to Rise
- 2025-02-12 SunSirs: Multiple Bullish Supports, China Palm Oil Market Surges after the Spring Festival
- 2025-02-11 SunSirs: MPOB Reports that Palm Oil Inventories in Malaysia Reached 1.58 Million Tons at the End of January 2025
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