Malaysian Palm Oil Stocks Hit Record 2.835 Million Tonnes

10-Dec-2025 01:31 PM

Kuala Lumpur. Although Malaysian palm oil production and imports declined in November compared to October, a sharp decline in exports led to a sharp increase in total outstanding stocks, reaching a new record high.

According to the latest monthly data from the government body, Malaysian Palm Oil Board (AMPOB), Malaysian crude palm oil (CPO) production fell by 5.30 percent to 1,935,510 tonnes in November 2025 compared to October, while palm oil imports from abroad also jumped by 36.12 percent to 23,176 tonnes.

Similarly, during the period under review, Malaysia's gross palm oil product exports declined sharply by 28.13 percent to 1,212,814 tonnes, leading to a significant increase in its outstanding surplus stocks. There was not much fluctuation in Malaysia's domestic palm oil consumption.

According to an Empob report, Malaysia's total surplus palm oil stocks increased by 13.04 percent compared to October, reaching a new record high of 2,835,439 tonnes at the end of November. Under this,

crude palm oil stocks increased by 17.56 percent to 1,742,961 tonnes, and processed palm oil (RBD palm oil/palmolein) stocks increased by 6.50 percent to 1,092,478 tonnes. Similarly, palm kernel oil stocks also improved by 5.40 percent to 3,14,840 tonnes.

Record surplus stocks could put pressure on Malaysian benchmark palm oil futures and lead to a decline, according to industry analysts.

Malaysian palm oil exports to some countries, including India, are believed to have declined during November 2025.