MPOB Dec 2022—Year-end stocks descends to a 4-month low. Full-year production inches up to 18.464 million tons | MPOB Dec Canva

December-end month stocks declined by 4.30% to finish the year at 2.195 million tons descending to 4 month low, but still, 35.94% above the same time last year retaining the price pressure from excess supply outlook into the first quarter. CPO future net loss rose to RM202 or US$46 on the most active month since the start of this year. Price fell to 2 weeks low after ditching 148 points today, the largest single-day loss in a month.

The latest MPOB December data showed stocks and production contracting within market expectation but exports plunged much lower than expected by 3.48% to 1.468 million tons, recording the first fall in 4 months as major importers take a breather from strong buying momentum since July buoyed by…

 

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