Malaysia’s palm oil production surged 28.43 percent in March .BTMA

Malaysia’s palm oil production surged 28.43 percent

in March from the previous month


According to Xinhua News Agency citing data released by the Malaysian Palm Oil Board (MPOB) at noon on the 12th,

Malaysia’s palm oil production in March 2021 increased by 28.43% month-on-month to 1.423 million tons, the first month-on-month increase since October last year.


In the same month, Malaysia’s palm oil imports increased by 57.26% month-on-month to 137,300 tons; exports increased by 31.83% month-on-month to 1.182 million tons.


As of the end of March, Malaysian palm oil inventories were approximately 1.446 million tons, an increase of 10.72% from the previous month.


A previously announced survey showed that inventories increased slightly by 1.3% to 1.32 million tons; production is expected to increase for the first time in six months, increasing by 25% to 1.38 million tons; exports are expected to increase by 25% to 1.12 million tons.

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