# Regional Plantations - Maybank Kim Eng 2018-12-10: Stockpile At New Record High Of 3-Mil MT | SG Investors.io

> Malaysian Palm Oil Board data showed November palm oil stockpiles hit a record 3.0 million tonnes, up 10% month on month, as exports fell faster than production. Early December export estimates from cargo surveyors show a further decline. Maybank Kim Eng says the low spot price already reflects the high stocks and expects a seasonal recovery in the first quarter of 2019.

- Date: 2018-12-10 · published 2018-12-10T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/61661-regional-plantations-maybank-kim-eng-2018-12-10-stockpile-at-new-record-high-of
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A record stockpile signals bearish near-term supply pressure, though a possible seasonal price bottom suggests limited downside from current levels for palm oil buyers.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-10-11 | [Malaysia end-Sept palm oil stocks hits highest in nearly 3 years](https://feedsoft.ai/events/15784-malaysia-end-sept-palm-oil-stocks-hits-highest-in-nearly-3-years.md) | -1.3% | +14.2% |
| PALMOIL | 2026-10-05 | [Malaysian palm oil stockpiles hit record amid output surge \| The Straits Times](https://feedsoft.ai/events/17177-malaysian-palm-oil-stockpiles-hit-record-amid-output-surge-the-straits-times.md) | +1.3% | +2.1% |
| PALMOIL | 2022-06-10 | [Malaysia's palm oil stocks above expectations on higher-than-projected output in May \| S&P Global](https://feedsoft.ai/events/15815-malaysia-s-palm-oil-stocks-above-expectations-on-higher-than-projected-output.md) | -6.3% | -32.4% |
| PALMOIL | 2018-09-28 | [M'sian palm oil stocks at end 2018 seen at 3.3mil tonnes; Indonesian 2018 palm output at 40mil tonnes \| The Star](https://feedsoft.ai/events/7622-m-sian-palm-oil-stocks-at-end-2018-seen-at-3-3mil-tonnes-indonesian-2018-palm.md) | +0.3% | -0.9% |
| PALMOIL | 2017-09-05 | [Palm oil inventories at 18-month high - The Malaysian Reserve](https://feedsoft.ai/events/69055-palm-oil-inventories-at-18-month-high-the-malaysian-reserve.md) | +4.6% | -0.7% |

## Sources

- research.sginvestors.io: https://research.sginvestors.io/2018/12/regional-plantations-maybank-kim-eng-research-2018-12-10.html

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