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Malaysia's palm oil inventories are straining storage capacity in Sarawak, the top-producing state, after a bigger-than-expected harvest and rising freight costs slowed shipments. National stocks hit a record 3.51 million tons in September, and the government is considering measures including a possible waiver of crude palm oil export taxes.
Kuala Lumpur palm futures fell as much as 2.2% in a session.
Record stockpiles and a widened discount to rival vegetable oils point to ample palm oil supply, which pressures prices and encourages exports that could compete with soybean oil and other feed-fat supplies.
prestasisawit.mpob.gov.myNov 3, 2026Not enough comparable past events yet for a historical read.
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.
