The Malaysian Palm Oil Board (MPOB) will release supply and demand data for March on April 10th. A survey shows that due to a surge in exports offsetting a slight increase in production, Malaysia's palm oil inventories at the end of March may decline for three consecutive months, reaching a low point since July last year. According to a survey, industry insiders estimate that palm oil inventories at the end of March were 2.18 million tons, a decrease of 19.2% compared to the previous month.
Malaysia's palm oil inventory has significantly decreased by 19.2% month on month, falling for three consecutive months to its lowest point since July last year (estimated at 2.18 million tons). The surge in exports offset a slight increase in production, indicating an intensification of supply constraints and strong demand. This trend is significantly bullish on spot prices, as the decrease in inventory indicates an imbalance between market supply and demand, driving up expectations for price increases. Overall assessment shows that the risk of supply shortage has increased, constituting a significant positive factor.
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