Malaysia’s palm oil stocks rise in July despite 14.5pc jump in exports

In July 2026, Malaysia's palm oil stockpiles saw an increase of 3.32%, amounting to 84,495 tonnes, bringing the total to 2.63 million tonnes. Crude palm oil (CPO) stocks rose by 7.24%, or 96,495 tonnes, to 1.43 million tonnes, while processed palm oil stockpiles decreased by 0.99% to 1.20 million tonnes. On production, CPO output rose by 9.41% to 1.79 million tonnes, and palm kernel output increased by 10.69% to 422,266 tonnes.

However, exports of palm oil surged by 14.50% in July 2026, reaching 1.39 million tonnes from 1.22 million tonnes a month earlier. Conversely, exports of palm kernel oil decreased slightly by 1.73% to 82,261 tonnes, and palm kernel cake exports fell by 8.72% to 203,454 tonnes. Oleochemical and biodiesel exports, on the other hand, saw significant growth, with the former increasing by 17.81% to 265,198 tonnes and the latter surging by 496.77% to 28,745 tonnes.

Importantly, Malaysia reported no CPO imports in July, while palm kernel oil imports rose by 93.12% to 11,545 tonnes.