Malaysia’s palm oil stockpiles eased by 1.8% in September to 2.16 million tons, marking a pullback from their highest level since December 2023. The decline came as exports surged 8.3% to 1.43 million tons — the strongest since November — while production slipped 4.3% to 1.78 million tons.
With a seasonal slowdown in output expected in the coming months, tighter inventories could lend support to global palm oil prices, a key commodity in the food, cosmetics, and biofuel industries.
Meanwhile, in global oilseed markets, soybean prices fell on profit-taking despite modest weekly gains. Traders are watching U.S. harvest progress and South American planting conditions, with cautious optimism ahead of upcoming U.S.–China trade talks. The ongoing U.S. government shutdown has also delayed USDA supply and demand updates, adding a layer of uncertainty to the market.
