Malaysian palm oil stocks decline due to decreased production and increased exports

10-Feb-2026 01:01 PM

Kuala Lumpur. Malaysia's crude palm oil (CPO) production declined in January 2026 compared to December 2025, while palm oil product exports increased. Consequently, total stocks naturally declined at the end of January.

Data released by the government body, the Malaysian Palm Oil Board (AMPOB), shows that Malaysia's total CPO production declined by 13.78 percent to 1,577,454 tons in January 2026 compared to December 2025, while total palm oil product exports increased by 11.44 percent to 1,484,267 tons.

As a result, Malaysia's total outstanding surplus stocks of palm oil products declined to 2,815,493 tonnes at the end of January 2026, a decrease of 7.72% from the available stocks at the end of December 2025.

During the period under review, crude palm oil stocks fell by 8.18% to 1,672,780 tonnes, and processed (refined) palm oil/palmolein stocks fell by 7.05% to 1,142,713 tonnes.

However, compared to December, Malaysia's outstanding stocks of palm kernel oil jumped by 22.46% to 403,819 tonnes at the end of January. According to Empob, Malaysia imported 32,316 tonnes of palm oil from abroad during January 2026, a decrease of 2.93% from the imports in December 2025.

Oil palm fresh fruit bunches (FFB) also fell slightly to 43.75 ringgit. While surplus palm oil stocks declined in January, they remained well above normal levels and therefore did not have a significant positive impact on the benchmark CPO futures price.