Despite increased exports, Malaysia's palm oil stocks increased

22-Oct-2025 03:45 PM

Kuala Lumpur. Malaysia's total palm oil product exports increased by 10.2 million tons, or 7.7 percent, to 1.42 million tons in September 2025 compared to August.

Exports to all regions, with the exception of the European Union and Asia Pacific, saw improved shipments. The biggest improvement was seen in shipments to South Asia,

where Malaysian palm oil exports to India jumped to 31.2 million tons, the highest level in 11 months. Palm oil exports to sub-Saharan Africa, Northern Africa, Middle East Asia, North and South America, and Central Asia also saw increases.

Despite improved export performance, Malaysia's outstanding surplus palm oil product stocks rose to 2.36 million tons at the end of September, the highest level in 22 months. Although the peak production season is drawing to a close, outstanding stocks are still increasing.

In fact, domestic palm oil consumption has now moderated to a normal level of 300-350000 tons, which had jumped to a peak of 499000 tons in August. Furthermore, palm oil imports from abroad have also increased by approximately 34%, or 20,000 tons.

According to the Malaysian Palm Oil Council (AMPOC), the price of palm oil in the global market has once again surpassed the price of soybean oil. In mid-October,

the price of palm oil was trading higher than soybean oil at $42 per ton for Europe and $26 per ton for India, which is likely to impact its export performance. For a period between April and September, the price of palm oil fell below soybean oil.