KUALA LUMPUR, Aug 10 — Malaysia’s palm oil stockpiles rose by 3.32 per cent, or 84,495 tonnes, to 2.63 million tonnes in July 2026 from 2.54 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).

MPOB said crude palm oil (CPO) stocks increased 7.24 per cent, or 96,495 tonnes, to 1.43 million tonnes in July 2026 from 1.33 million tonnes in June 2026.

“However, processed palm oil stockpiles eased 0.99 per cent to 1.20 million tonnes from 1.21 million tonnes in June,” it said in its July industry performance report.

On production, MPOB said CPO output increased 9.41 per cent, or 154,183 tonnes, to 1.79 million tonnes from 1.64 million a month earlier, while palm kernel output also rose 10.69 per cent month-on-month to 422,266 tonnes from 381,486 tonnes.

Crude palm kernel oil production jumped 14.55 per cent to 199,392 tonnes from 174,071 in June, while palm kernel cake output climbed 10.11 per cent to 215,304 tonnes from 195,534 tonnes.

MPOB said palm oil exports rose 14.50 per cent in July 2026 to 1.39 million tonnes from 1.22 million tonnes a month earlier. Palm kernel oil exports inched down by 1.73 per cent to 82,261 tonnes from 83,712 tonnes a month ago. Palm kernel cake exports also slipped by 8.72 per cent to 203,454 tonnes from 222,887 tonnes.

Meanwhile, oleochemical exports edged up 17.81 per cent to 265,198 tonnes from 255,098 tonnes in June, while biodiesel exports surged by 496.77 per cent to 28,745 tonnes from 4,817 tonnes last month.

MPOB reported zero CPO imports in July. Processed palm oil and palm oil were both down 51.93 per cent to 49,566 tonnes from 103,113 tonnes in June. Palm kernel oil imports advanced 93.12 per cent to 11,545 tonnes, from 5,978 tonnes in the preceding month. — Bernama