Browse Data and Analysis

Recovering from weather challenges in the first part of MY 24/25, Post forecasts MY 25/26 Malaysia palm oil production to increase to 18.5 million metric tons (MT).

FAS Kuala Lumpur (Post) projects a slight decrease in palm oil production in Market year (MY) 24/25 to 19.2 million metric tons (MT) on recent weather challenges and lower than average production in the beginning months of the MY. With palm oil at a premium to competing vegetable oils, Post estimates a decrease in exports of approximately 770 thousand MT for MY 24/25.

Post forecasts Malaysia’s palm oil production in MY 24/25 at 19.2 million metric tons (MT), a decrease from MY 23/24 projections due to delayed effects of the El Niño season.

The Black Sea region is a significant supplier of agricultural commodities to the world. Over the past year, global grain and oilseed markets have been roiled by the ongoing military conflict in Ukraine.

Post maintains the projections for 2021/22 and updates MY 2022/23 with an optimistic outlook on production resulting from good weather conditions and an improved labor situation.

A number of factors have converged over the last 18 months to send global agricultural commodity prices to near-record levels. Russia’s invasion of Ukraine – and the potential loss of Ukrainian exports – was the latest development to push commodity prices higher.

Post revised its MY 2021/22 crude palm oil (CPO) production downward from 18.2 million tons to 18.0 million tons, taking into account the effect of anomalous weather from the super typhoon Rai (a month of rain recorded in one day on December 18 in Peninsular Malaysia) and the continuing acute labor issue the industry has faced since 2019.

Post is adjusting its MY 2021/22 crude palm oil (CPO) production forecast down 1.5 million metric tons (MT) from the USDA Official estimate to 18.2 million MT.

A package of export restricting measures aimed at the oilseeds market is expected to dampen the trend of increasing oilseed production in Russia.

Post estimates Malaysian crude palm oil (CPO) production in marketing year (MY) 2020/21 at 19

As part of its package of measures to reduce food prices adopted in December 2020, the Russian government issued a number of decrees to restrict exports of some grains and oilseeds...

Post is adjusting its Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down 100,000 metric tons (MT) to 19.6 million MT as labor issues stemming from the COVID-19 pandemic...