# Malaysia’s end-October palm oil stocks fall on lower output, higher exports

> Analysts polled expect Malaysia's palm oil inventories to fall about 4.6% in October to 1.92 million tonnes, the first decline in three months. The drop reflects forecast output of 1.76 million tonnes, 3.2% lower, and higher exports.

- Date: 2024-11-05 · published 2024-11-05T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/8039-malaysia-s-end-october-palm-oil-stocks-fall-on-lower-output-higher-exports
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower stocks and firmer export demand tighten near-term palm oil supply, which supports prices.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-11-06 | 5 | +10.0% | 4.0 | Expected first drop in Malaysian stocks in three months on lower output and higher exports signals tightening supply, which supports prices heading into Nov 5-6. |

## 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 | 2022-01-10 | [Malaysia end-Dec palm oil stocks smaller than expected as output plummets \| Reuters](https://feedsoft.ai/events/43230-malaysia-end-dec-palm-oil-stocks-smaller-than-expected-as-output-plummets.md) | +2.5% | +12.4% |
| PALMOIL | 2023-12-12 | [Malaysia’s November palm oil stocks dip amid drops in exports - Fastmarkets](https://feedsoft.ai/events/32803-malaysia-s-november-palm-oil-stocks-dip-amid-drops-in-exports-fastmarkets.md) | -0.5% | -0.3% |
| 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 | 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/malaysias-end-october-palm-oil-stocks-fall-lower-output-higher-exports-2024-11-05/

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