Malaysian palm oil reserves top 3 million tons as production rises

July 9, 2019 |

In Malaysia, the Malaysian Reserve reports that domestic palm oil stocks are expected to pass 3 million metric tons this year thanks to production growing 9% on the year through H1 2019. Even though the country recently boosted the blending mandate to 10% for automobiles and 7% for industrial users, boosting annual palm oil demand to 760,000 tons, it’s nowhere near enough to help absorb additional production and reduce import demand from countries like those in Europe who are reducing consumption due to environmental concerns.

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Category: Fuels

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