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SUMMARY OF THE MALAYSIAN PALM OIL INDUSTRY 2024

SUMMARY OF THE MALAYSIAN PALM OIL INDUSTRY 2024

  Dec 23 Jan 24 Feb Mar (r) Apr (p) May Jun Jul Aug Sep Oct Nov Dec
PRODUCTION (TONNES)
Crude Palm Oil 1,550,796 1,402,355 1,259,383 1,392,471 1,501,941                
Palm Kernel 371,204 341,747 301,671 343,850 367,421                
Palm Kernel Oil 191,236 161,629 139,336 166,508 154,134                
Palm Kernel Cake 210,383 177,825 153,119 181,010 171,746                
CLOSING STOCK (TONNES)
Palm Oil 2,290,793 2,020,191 1,920,113 1,712,719 1,744,459                
Palm Kernel 147,412 138,221 139,138 127,785 166,801                
Palm Kernel Oil 418,759 399,631 365,127 351,607 347,034                
Palm Kernel Cake 308,127 256,387 255,030 231,506 196,762                
EXPORT (TONNES)
Palm Oil 1,362,145 1,349,479 1,024,539 1,326,666 1,234,208                
Palm Kernel Oil 88,262 68,492 55,639 82,389 80,335                
Palm Kernel Cake 178,436 231,398 136,195 188,262 208,602                
Oleochemical 244,695 253,217 255,241 261,898 233,087                
Biodiesel 17,834 40,559 29,378 15,825 35,298                
IMPORT (TONNES)
Crude Palm Oil (CPO) 11,103 3,951 8,592 0 0                
Processed Palm Oil (PPO) 28,959 25,543 23,964 21,894 34,762                
Palm Oil (CPO+PPO) 40,062 29,494 32,556 21,894 34,762                
Palm Kernel Oil (PKO) 9,683 17,597 4,535 11,686 12,774                
PRICE (1% OER EQUIVALENT)
FFB (RM) 38.02 39.28 41.03 44.36 45.01                


Explanatory Notes:
   
(p) Preliminary
   
(r) The figures for the month of March 2024 are revised by taking into account corrections made by the licensees and from late receipt of Customs No. 1 and 2 (Rev. 8/89) after 15 April 2024.