
Malaysia’s palm oil stocks rose 3.15% in October to 3.62 million tonnes, with crude palm oil stocks up 7.46% to 2.32 million tonnes. MPOB also reported that CPO output increased 1.74% and palm oil exports surged 55.75% from September.
The rise in total and CPO stocks, alongside higher output, adds supply pressure, although the sharp export increase offsets some of that bearish signal. The net effect is a modest headwind for palm oil prices.
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.