Expected to see a slight increase in stable palm oil storage in Malaysia by the end of June

On July 5th, the National Grain and Oil Information Center reported that the Malaysian Palm Oil Authority will release monthly data on July 10th (next Wednesday). Currently, data from multiple market monitoring agencies shows that Malaysia’s palm oil production in July decreased by about 5% month on month, ending the previous three consecutive months of growth; The export volume has also slowed down compared to last month, with a decrease of 12% to 16% month on month. Based on feedback from the production area, it is expected that the palm oil storage in Malaysia will stabilize and slightly increase by the end of June, at around 1.8 million tons.