# Malaysia palm oil stocks seen edging down from seven month high | The Star

> A Reuters survey expects Malaysian palm oil stocks to dip about 0.7% in September to 2.47 million tonnes from August seven-month highs, as exports jumped about 50% after Malaysia cut its crude palm oil export tax to zero. Benchmark prices had rebounded from three-month lows to around 2,231 ringgit.

- Date: 2018-10-05 · published 2018-10-05T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/62643-malaysia-palm-oil-stocks-seen-edging-down-from-seven-month-high-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Falling stockpiles and strong export demand from India ahead of Diwali support palm oil prices in the near term.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-05 | [Malaysia end-December palm oil stocks seen hitting over 13-year low as output falls: poll](https://feedsoft.ai/events/4996-malaysia-end-december-palm-oil-stocks-seen-hitting-over-13-year-low-as-output.md) | +1.3% | -10.0% |
| PALMOIL | 2025-01-10 | [Malaysian palm oil stocks hit 19-month low in December as output drops](https://feedsoft.ai/events/26606-malaysian-palm-oil-stocks-hit-19-month-low-in-december-as-output-drops.md) | +0.7% | +5.3% |
| PALMOIL | 2022-12-05 | [Malaysia’s end-Nov palm oil stocks seen down slightly as output falls - Markets - Business Recorder](https://feedsoft.ai/events/38334-malaysia-s-end-nov-palm-oil-stocks-seen-down-slightly-as-output-falls-markets.md) | +1.3% | +7.0% |
| PALMOIL | 2024-11-05 | [Malaysia’s end-October palm oil stocks fall on lower output, higher exports](https://feedsoft.ai/events/8039-malaysia-s-end-october-palm-oil-stocks-fall-on-lower-output-higher-exports.md) | +4.0% | +0.3% |
| PALMOIL | 2020-08-05 | [Malaysia July-end palm oil stocks expected to hit three-year low \| KLSE Screener](https://feedsoft.ai/events/6794-malaysia-july-end-palm-oil-stocks-expected-to-hit-three-year-low-klse-screener.md) | -2.9% | +2.7% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/10/05/malaysia-palm-oil-stocks-seen-edging-down-from-seven-month-high/

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