Malaysia: Oilseeds and Products Update
Link to report:
Post forecasts Malaysia’s palm oil production in MY 24/25 at 19.2 million metric tons (MT), a decrease from MY 23/24 projections due to delayed effects of the El Niño season. Recent tax changes for India’s imports of vegetable oil and Indonesia’s exports of palm oil contribute to an expected decline in palm oil exports in MY 24/25 to 15.7 million MT. A competitive vegetable oil market and decreasing soybean complex prices from the United States are expected in MY 24/25.
