Lang
Malaysia, the world’s second-largest palm oil producer after Indonesia, recorded an increase in palm oil stocks in April amid higher production, according to official data released on Tuesday.
According to data from the Malaysian Palm Oil Board (MPOB), Malaysia’s palm oil stocks rose by 19.37% compared with March to reach 1.87 million tonnes in April, the highest level since October 2024.
The country’s crude palm oil production also increased by 21.52% month on month to reach 1.69 million tonnes in April.
At the same time, Malaysian palm oil exports rose by 9.62% month on month to 1.1 million tonnes.
Imports, however, fell sharply by 52.17% month on month to 58,292 tonnes.