PalmX

Palm Oil Intelligence

Supply & Demand
 Live
15 Jun 2026
04:58 am MYT
Global
Global Production (2024)
73.3M MT
▲ +2.5% YoY
Global Consumption (2024)
55.4M MT
▲ +3.8% YoY
Ending Stocks (Apr 2025)
10.0M MT
▼ −1.2% YoY
Stock-to-Use Ratio
16.3%
▼ −1.8pp YoY
Quick StatsMalaysia · Apr 2025
Malaysia
Production
1.42M
MT Apr
Exports
1.63M
+18% MoM
End Stocks
2.30M
+1.7% MoM
Export Tax
8.0%
Jun 2026
CPO Ref.
1,014
USD/MT
MYR/USD
4.010
+0.5%
Indonesia
Production
4.35M
+2.1% MoM
Export Tax
10.0%
Jun 2026
Levy Total
277
USD/MT
B35 Absorb.
1.2M
+5.0% YoY
CPO Ref.
1,002
USD/MT
OI Change
+8,714
contracts
Global S&D Balance SheetMillion MT · USDA May 2025
Item2022202320242025FYoY
Production75.276.073.376.9+4.9%
Consumption54.854.355.457.5+3.8%
Exports47.246.845.947.2+2.8%
Imports46.846.245.546.8+2.9%
Ending Stocks9.59.110.09.4−6.0%
Stock-to-Use Ratio17.3%16.8%18.1%16.3%−1.8pp
USDA PSD · Oil World · May 2025
Global Supply & Demand(Million MT)
ProductionConsumptionStocks (RHS)
Ending Stocks by CountryApr 2025 · M MT
Indonesia
4.35M MT
Malaysia
2.30M MT
Thailand
0.82M MT
China
0.65M MT
India
0.55M MT
EU
0.48M MT
Total10.00M MT
Export PerformanceMalaysia
SourceApr 2025Mar 2025MoMYoY
ITS1,216,9871,092,578+11.4%−5.0%
AmSpec1,245,1231,105,231+12.7%−4.3%
Intertek1,183,3921,072,145+10.4%−5.6%
YTD4,765,4324,582,741+4.0%−8.1%
ITS · AmSpec · Intertek
Production Outlook2025 Forecast
Malaysia (2025F)
19.2M MT
▲ +2.1% YoY
Indonesia (2025F)
54.7M MT
▲ +1.8% YoY
Thailand (2025F)
3.1M MT
▲ +0.5% YoY
Global (2025F)
76.9M MT
▲ +4.9% YoY
Production BiasNeutral – Slightly Higher
LowerHigher
MPOB · USDA · Oil World · ITS · AmSpec
Demand by CountryAnnual consumption · Million MT
Indonesia
16.5M+5.2%B35 domestic demand
India
9.8M+4.2%Price-sensitive buyer
China
6.5M−1.8%Slowing domestic demand
EU
6.2M+1.5%Biodiesel mandates
Pakistan
3.2M+2.1%Growing consumption
Bangladesh
1.8M+3.4%Rising middle class
USDA · MPOB · GAPKI
Supply & Demand · Sources: USDA, MPOB, Oil World, ITS, AmSpec, Intertek