Record levels of palm oil reserves in Malaysia - prices under pressure palm oil production in Malaysia has exceeded its seasonal high point in october 2018, but due to weather conditions, usually declining fruit growth is declining less strongly this year. Production in Jan-2019 is 1.74 million t . In the high season Oct-19 1.95 million tons were produced. Usually , the quantities fall back to 1.5 to 1.6 million t . With an average annual export share of 85% , a fast-moving export decides how inventories develop and prices go up. Although export volumes rose a bit to 1.7 million tonnes in Jan. 19, they are not enough to reduce the accumulated inventories to a record level of more than 3 million tonnes.Expectations are that production will decline into the summer and exports may rise as a result of low prices. This could reduce the abundant inventory and open the courses up again later. The seasonal rebound in fruit growth starts again at the latest in September-19th Significant damage from typical weather phenomena such as El Niño are currently not recognizable. Low palm oil prices in conjunction with low soybean oil prices ensure that rapeseed prices in this country, despite scarce supply in this market segment, have little chance of increasing their prices. The approaching Brexit and the disputed US-China trade talks continue to cause uncertainty in the oilseeds business.
