Malaysia faces Palm Oil supply glut
Commodity Online | December 20 2018
UPDATED 11:32:43 IST

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A glut of supply in Malaysia's Palm Oil is leading plantations to delay harvest and mills to stall on deliveries as storage tanks are full.

Stocks of Palm Oil supply in Malaysia reached 3 million tons last month, the highest level in 18 years. Demand for Palm Oil has been slower this year, creating stockpiles and driving prices to multi-year lows.

The current glut of Palm Oil has driven prices to a three-year low while allowing easy access to inventory.

A reduction in government tariffs, as well as some extended holiday shutdowns, allowed inventories to be drawn down a bit, easing the capacity crunch.

The widespread use of Palm Oil is expected to increase, potentially putting pressure on growers and producers to meet demand.

 

 

 

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