MPOB October largely within market expectation carrying a bearish tone | MPOB Oct 2021 Canva

Malaysia palm oil supply eased a little in October after ending stocks showed a rise of 4.42% to 1.834 million tons from the previous month or 16.55% higher from a year ago—MPOB data showed. The rise in stock was at the high end of expectation after production was bumped up 1.30% to 1.726 million tons reflecting yields remain depressed from the prior month and is likely to extend into November. The report was largely within market expectation retaining a bearish tone which is largely priced-in. Attention is now on November exports and production outlook.

Early indications show…

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