
Malaysian palm oil stocks reached a record 3.51 million tonnes in September, and estimates put October inventories at a further record of 3.75–3.81 million tonnes. Despite stronger exports, benchmark crude palm oil prices fell to RM4,258 per tonne, down 9.04% over the week.
Record inventories indicate supply is outpacing demand, putting downward pressure on palm oil prices even as exports recover. The scale of the reported stock buildup is a meaningful bearish signal for the Malaysian market.
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.