{
  "id": 12112904,
  "title": "Malaysian palm oil stockpiles balloon to record on output surge",
  "url": "https://urgent.news/2026/10/05/malaysian-palm-oil-stockpiles-balloon-to-record-on-output-surge-12112904",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T08:45:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/malaysian-palm-oil-stockpiles-balloon-to-record-on-output-surge"
  },
  "original_language": "en",
  "account": "Malaysian palm oil inventories in September likely reached a record high, providing a buffer for supplies as El Nino may disrupt production in 2027, according to regional head of plantation research at CGS International, Jacquelyn Yow. Higher-than-expected output growth led to elevated inventories, pushing prices to RM4,300 (S$1,346) to RM4,500 per tonne. The Malaysian Palm Oil Board will release supply and demand data on Oct 12, with stockpiles rising about 22% to 3.45 million tonnes from August, surpassing the previous record of 3.22 million tonnes set in December 2018. Output surged 16% to 2.11 million tonnes, the highest ever for September, while exports fell around 12% to a four-month low of 1.13 million tonnes. The drop in exports is due to a wide premium over Indonesian supplies and near-record edible oil stockpiles in importing markets dampening demand. India has increased purchases ahead of Deepavali and following import duty cuts, buying over 200,000 tonnes recently. However, palm stockpiles are expected to peak in October before easing towards year-end as production slows and festive demand boosts exports. Indonesia’s expanding biofuel mandate and a delayed impact of El Nino on yields may tighten the global palm market in the future.",
  "summary": "The Malaysian Palm Oil Board is set to release monthly supply and demand data on Oct 12.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Malaysian Palm Oil Stockpiles Balloon to Record on Output Surge",
        "url": "https://urgent.news/2026/10/05/malaysian-palm-oil-stockpiles-balloon-to-record-on-output-surge",
        "published": "2026-10-05T07:50:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}