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MPOB data showed Malaysian CPO output rose 2.35% month-on-month to 1.86 million tonnes in August, while palm oil exports slipped 0.29% to 1.32 million tonnes. Total palm oil inventories climbed 4.18% to 2.20 million tonnes.
Rising stockpiles and steady exports point to looser palm oil supply, a bearish factor for palm oil prices and the vegetable oil complex.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.