MPOB August—Supply outlook seen improving after stocks rise larger than expected | MPOB Aug 1













Malaysia August end-month stocks volleyed 25.28% to 1.874 million tons racing to reach 14 months high volume and surpassing the same time last year by 10.02% after production rose at a faster pace while exports and domestic consumption dwindled—MPOB August report showed. Although the data was largely within expectation, the jump in stocks was higher than expectation of 16—17.50% rise, sparking a shift in market sentiment from tight to improving supply and increasing the likelihood of year-end stocks nearing 2 million tons. The most active CPO futures contract November fell 113 points at market close on Friday, erasing all of the gains in the week.

For more analysis please subscribe or get a free trial