MPOB March - Higher than expected production. Domestic usage up on Ramadan seasonal demand | MPOB Feb 2022 Canva

Malaysia’s March CPO production rose much higher than expected by 24.07% to 1.411 million tons, the best pace of rise in 12 months while export volume was within expectation at 1.265 million tons or up 14.14%. Shipment to India, the E.U and China dominated exports.  Domestic consumption rose 30.50% on Ramadan seasonal demand. Stocks eased by 3% from the previous month but ended 2% higher than the same time last year.