Malaysia's Palm Oil Stocks Reach 2.54 Million Tonnes

10-Jul-2026 11:25 AM

Kuala Lumpur. Malaysia's surplus palm oil stocks surged due to a significant rise in both production and imports. Although exports also increased, the outstanding stock levels remained high.

According to a new report by the Malaysian Palm Oil Board (MPOB), crude palm oil production in the country rose by 8.08 percent in June 2026 compared to May, reaching 1,638,777 tonnes, while imports of palm oil products from abroad jumped by 135.33 percent to 103,113 tonnes. This led to a substantial increase in the supply and availability of palm oil in the country.

The MPOB report indicates that by the end of June 2026, Malaysia's total palm oil stocks had risen to a peak of 2,544,066 tonnes, marking a 4.78 percent increase over the stock levels at the end of May. During the month under review, stocks of crude palm oil (CPO) rose by 3.75 percent to 1,532,697 tonnes, while stocks of processed (refined) palm oil/palmolein increased by 5.94 percent to 1,211,369 tonnes. Similarly, palm kernel oil stocks rose by 2.55 percent to 338,209 tonnes.

In June, Malaysia exported a total of 1,204,013 tonnes of palm oil products, which was 6.19 percent higher than the shipments in May. The robust export performance limited the extent of the increase in surplus palm oil stocks. After Indonesia, Malaysia is the world's second-largest producer and exporter of palm oil. India imports large quantities of palm oil from the country.