National Grain and Oil Information Center: Malaysian palm oil stocks may rise to more than 1.90 million tons by the end of May

Golden Ten Futures, May 23rd, with the continuous increase in production from March to April, the increase in palm oil production in Malaysia is expected to be stronger in May. It is understood that the recent moderate rainfall in the production area of palm oil in Malaysia, and the increase in workers' working hours compared with April, is conducive to the increase in production. Market institutions monitor the month-on-month increase in palm oil production from May 1 to 20 at 15% to 26%. It is expected that palm oil production in May will increase by about 10% month-on-month. In terms of exports, due to the price advantage of international soybean oil over palm oil, imports of palm oil from major importers such as India, the Middle East, and China have declined. According to the Indian Solvent Extraction Association (SEA) data, India's palm oil imports accounted for only 42% to 52% of total vegetable oil imports in February-April, compared with more than 60% in previous years. Market institutions monitor that Malaysian palm oil exports fell by 8% to 13% month-on-month from May 1 to 20. Exports are expected to fall by about 10% month-on-month in May. Overall, Malaysia's palm oil inventories are expected to rebound to more than 1.90 million tons by the end of May, an increase of about 12% from 1.74 million tons at the end of April .