Equity Analysis /
Malaysia

MY : Agribusiness - Palm oil stocks preview for Nov 2021F

    Ivy Ng Lee
    Ivy Ng Lee

    Head of Malaysia Research, Regional Head of Agribusiness

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    CGS-CIMB
    6 December 2021
    Published byCGS-CIMB

    Malaysia’s palm oil stocks likely fell by 6.2% mom to 1.72m tonnes at end-Nov 2021F due to higher export volumes. A survey by CGS-CIMB Futures revealed that Nov 2021 output probably fell 1.3% mom while export volume likely grew 12% mom. Speakers at the virtual IPOC projected CPO price would remain firm in 2021 before declining in the coming months, when supply recovers.