MPOB preview—Production set to be the lowest in 12 months. Exports unchanged. Stocks to ease lower | Feb estimates

Malaysia’s palm production is poised for the fourth successive monthly decline in February down to 12 month low after the average poll numbers show a decline of 9% to 1.257 million tons compared to January. Intense rainfalls particularly in the southern peninsular of Malaysia and the eastern state of Sabah delayed harvest and reduced crop quality resulting in lower CPO production in February. In addition, the shorter month compared to January has been historically a lower production month by an average of 1.284 million tons in the last 5 years or –5.50%. MPOA reported February full-month output down across all regions with the peninsular down by 10.35%, Sarawak lower by 14.50% and Sabah worse by 11.47%.

Meanwhile, exports are…

 

For more analysis please subscribe or get a free trial info@palmoilanalytics.com