PERFORMANCE OF THE MALAYSIAN PALM OIL INDUSTRY, NOVEMBER 2022

	OCTOBER(r)	NOVEMBER(p)	DIFFERENCE
QUANTITY	(%)
PRODUCTION (TONNES)
CRUDE PALM OIL
P. Malaysia	975,856	878,542	(97,314)	(9.97)
Sabah	436,549	427,342	(9,207)	(2.11)
Sarawak	401,186	374,859	(26,327)	(6.56)
Total	1,813,591	1,680,743	(132,848)	(7.33)
PALM KERNEL	448,129	407,617	(40,512)	(9.04)
CRUDE PALM KERNEL OIL	201,216	192,880	(8,336)	(4.14)
PALM KERNEL CAKE	226,996	210,833	(16,163)	(7.12)
STOCK (TONNES)(s)
CRUDE PALM OIL
P. Malaysia	676,471	636,076	(40,395)	(5.97)
Sabah	365,790	372,072	6,282	1.72
Sarawak	268,742	295,389	26,647	9.92
Total	1,311,003	1,303,537	(7,466)	(0.57)
PROCESSED PALM OIL
P. Malaysia	693,955	634,305	(59,650)	(8.60)
Sabah	224,106	194,783	(29,323)	(13.08)
Sarawak	179,229	155,848	(23,381)	(13.05)
Total	1,097,290	984,936	(112,354)	(10.24)
TOTAL PALM OIL
P. Malaysia	1,370,426	1,270,381	(100,045)	(7.30)
Sabah	589,896	566,855	(23,041)	(3.91)
Sarawak	447,971	451,237	3,266	0.73
Total	2,408,293	2,288,473	(119,820)	(4.98)
PALM KERNEL	204,015	193,756	(10,259)	(5.03)
CRUDE PALM KERNEL OIL	233,012	265,478	32,466	13.93
PROCESSED PALM KERNEL OIL	153,075	159,490	6,415	4.19
TOTAL PALM KERNEL OIL	386,087	424,968	38,881	10.07
PALM KERNEL CAKE	246,553	273,067	26,514	10.75
EXPORT (TONNES)
PALM OIL	1,503,835	1,517,731	13,896	0.92
PALM KERNEL OIL	94,851	78,752	(16,099)	(16.97)
PALM KERNEL CAKE	262,620	181,642	(80,978)	(30.83)
OLEOCHEMICAL	227,299	227,251	(48)	(0.02)
BIODIESEL	18,894	18,105	(789)	(4.18)
IMPORT (TONNES)(q)
CRUDE PALM OIL	6,601	11,488	4,887	74.03
PROCESSED PALM OIL	62,463	35,559	(26,904)	(43.07)
PALM OIL	69,064	47,047	(22,017)	(31.88)
TOTAL PALM KERNEL OIL	18,513	23,915	5,401	29.18
PRICE (1% OER EQUIVALENT)
FFB (RM)	38.50	42.04	3.54	9.19

MARKET REPORT

 

SUMMARY

Rumours of bullish MPOB monthly report for Nov and stronger overnight soyoil prices pushed the palm oil market into a recovery mode during this morning session.

 

CPO FUTURES PRICES AT MDEX (IN RINGGIT MALAYSIA).

Month	Last	Open	Change	High	Low
Dec’22	na	na	na	na	na
Jan’23	3880	3726	+178	3905	3711
Feb’23	3910	3763	+173	3941	3747
Mar’23	3931	3787	+167	3961	3776
Total	35,568

PHYSICAL MARKET PRICES FOR REFINED OILS & FATS

PRODUCTS (US$ per/MT FOB Malaysian ports unless otherwise indicated)		Dec’22	JFM’23	AMJ’23	JAS’23	OND’23
RBD Palm Olein	Selling	950	955	960	945	940
	Buying			955	932.5
RBD Palm Oil	Selling	940	945	950	935	930
	Buying
RBD Palm Stearin	Selling	885
	Buying
Palm Fatty Acid Distillates	Selling	775
	Buying
Crude Palm Oil	Selling	902
	Buying
Crude Palm Kernel Oil	Selling	895
	Buying
RBD PALM KERNEL OIL	Selling	1050
	Buying
RBD PALM KERNEL OLEIN	Selling	990
	Buying
RBD PALM KERNEL STEARIN	Selling	1500
	Buying
INDONESIAN CRUDE PALM OIL (FOB Belawan/Dumai)	Selling	915
	Buying

* Inclusive of duty

OTHER RELATED MARKETS

ACE Soyoil	Jan 6260 (+40)	Mar 6182 (+35)
DALIAN DCE Palm Olein	Jan 7586 (-128)	May 7792 (-112)
Crude Oil WTI	Jan 74.13 (+0.96)