Malaysia’s 2023 CPO production up 0.5% y-o-y at 18.55 mil mt: MPOB | MPOB 2023 vs. 2022

Malaysia’s total crude palm oil (CPO) production in 2023 reached 18.55 million mt, 0.53% higher than a year ago, following Wednesday’s supply and demand data release for December from the Malaysian Palm Oil Board (MPOB).

CPO production in December fell 13.3% from November to 1.55 million mt, MPOB estimates showed, with production entering a seasonal low though the level was outside earlier average industry estimates of 1.6-.1.61 million mt as polled by newswires Reuters and Bloomberg.

The drop was also…

On a yearly basis, December’s CPO output came in lower than December 2022’s 1.62 million mt, but remains marginally higher than the 10-year average of 1.53 million mt.