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FAS Kuala Lumpur (Post) projects a slight decrease in palm oil production in Market year (MY) 24/25 to 19.2 million metric tons (MT) on recent weather challenges and lower than average production in the beginning months of the MY. With palm oil at a premium to competing vegetable oils, Post estimates a decrease in exports of approximately 770 thousand MT for MY 24/25.
Post is adjusting its marketing year (MY) 2019/20 crude palm oil (CPO) production estimate down 200,000 metric tons (MT) to 19.5 million MT.
The Malaysia food retail sector continues to rapidly develop, and premium grocery stores and convenience outlets are increasingly popular.