Malaysian Palm Oil Inventory Expected to Rise to 2.36M Tons in May; Production and Exports Decline

According to Jin10 Futures, Malaysian palm oil inventory is expected to rise to 2.36 million tons in May, up 2.2% from April, while crude palm oil production is forecast to decline 4.5% to 1.56 million tons—the lowest May level since 2023—and exports to fall 4.8% to 1.24 million tons for the second consecutive month.

Domestically, palm oil, rapeseed oil, and soybean oil futures contracts fell sharply on June 4, with palm oil and rapeseed oil dropping nearly 3% and soybean oil declining over 1%. Malaysian palm oil offshore prices fell to $1,175 per ton, down $5 from the previous day.