# Malaysian palm oil glut swamps storage in top-growing state | The Star

> Palm oil tanks in Malaysia's Sarawak state are nearing capacity after a larger-than-expected harvest and high freight costs slowed shipments. Malaysian inventories hit a record 3.51 million tons in September, and the government is considering a waiver of crude palm oil export taxes.

- Date: 2026-10-29 · published 2026-10-29T18:05:45.714Z
- Category: logistics · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/1348-malaysian-palm-oil-glut-swamps-storage-in-top-growing-state-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Record stocks and a possible export tax waiver increase palm oil export availability, pressuring prices and widening its discount to rival vegetable oils.

## Read by commodity

- PALMOIL: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-06-29 | [The Quiet Month: Ukraine's Sunflower Oil Exports Sink to a Two-Year Low \| GLOBOIL Intelligence](https://feedsoft.ai/events/12626-the-quiet-month-ukraine-s-sunflower-oil-exports-sink-to-a-two-year-low-globoil.md) | -0.3% | +0.6% |
| PALMOIL | 2020-12-29 | [Palm tracks soyoil fall as Argentine labour talks could restore supply - Markets - Business Recorder](https://feedsoft.ai/events/49757-palm-tracks-soyoil-fall-as-argentine-labour-talks-could-restore-supply-markets.md) | +8.7% | +3.0% |
| PALMOIL | 2026-02-20 | [Shipping companies begin reintroducing services through the Suez Canal](https://feedsoft.ai/events/16881-shipping-companies-begin-reintroducing-services-through-the-suez-canal.md) | -0.4% | +8.7% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2026/10/29/malaysian-palm-oil-glut-swamps-storage-in-top-growing-state

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.