Malaysia’s palm oil stockpiles rose 3.32 per cent, or 84,495 tonnes, to 2.63 million tonnes in July 2026, up from 2.54 million tonnes the previous month, according to the Malaysian Palm Oil Board (MPOB).
MPOB said crude palm oil (CPO) stocks climbed 7.24 per cent, or 96,495 tonnes, to 1.43 million tonnes in July 2026, from 1.33 million tonnes in June 2026.
“However, processed palm oil stockpiles eased 0.99 per cent to 1.20 million tonnes from 1.21 million tonnes in June,” it said in its July industry performance report.
On production, MPOB said CPO output rose 9.41 per cent, or 154,183 tonnes, to 1.79 million tonnes from 1.64 million tonnes a month earlier, while palm kernel output increased 10.69 per cent month-on-month to 422,266 tonnes from 381,486 tonnes.
Crude palm kernel oil production jumped 14.55 per cent to 199,392 tonnes from 174,071 tonnes in June, while palm kernel cake output rose 10.11 per cent to 215,304 tonnes from 195,534 tonnes.
MPOB said palm oil exports increased 14.50 per cent in July 2026 to 1.39 million tonnes, up from 1.22 million tonnes the previous month. Palm kernel oil exports edged down 1.73 per cent to 82,261 tonnes from 83,712 tonnes, while palm kernel cake exports fell 8.72 per cent to 203,454 tonnes from 222,887 tonnes.
Meanwhile, oleochemical exports rose 17.81 per cent to 265,198 tonnes from 255,098 tonnes in June, and biodiesel exports surged 496.77 per cent to 28,745 tonnes from 4,817 tonnes the previous month.
MPOB reported zero CPO imports in July. Combined processed palm oil and palm oil imports fell 51.93 per cent to 49,566 tonnes from 103,113 tonnes in June, while palm kernel oil imports rose 93.12 per cent to 11,545 tonnes from 5,978 tonnes the preceding month.
