Kuala lumpur: Malaysia's palm oil stock rose 5.15 percent or 118,891 tonnes, to 2.42 million tonnes in May 2026 from 2.30 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).

According to BERNAMA News Agency, in its May industry performance report, MPOB stated that crude palm oil (CPO) stocks also increased by 1.64 percent, or 20,211 tonnes, reaching 1.28 million tonnes in May 2026, up from 1.26 million in April 2026. Processed palm oil stockpiles surged 9.45 percent to 1.14 million tonnes from 1.04 million tonnes, the report added.

MPOB highlighted a decline in production, with CPO output sliding 6.96 percent, or 113,474 tonnes, to 1.51 million tonnes from 1.63 million a month earlier. Palm kernel output also decreased by 9.59 percent month-on-month to 352,697 tonnes from 390,124. Additionally, crude palm kernel oil production shed 9.05 percent to 174,871 tonnes from 192,268, while palm kernel cake output dropped 9.81 percent to 193,362 tonnes from 214,403.

The report further indicated that palm oil exports declined by 14.45 percent in May 2026 to 1.10 million tonnes from 1.29 million a month earlier. Palm kernel oil exports were down by 21.76 percent to 86,424 tonnes from 110,711. Palm kernel cake exports reduced to 177,880 tonnes from 273,536. Meanwhile, oleochemical exports fell 14.46 percent to 254,947 tonnes from 298,060 in April, while biodiesel exports rose by 9.35 percent to 41,361 tonnes from 37,825.

MPOB also reported zero CPO imports in May, while palm kernel oil imports were 21.96 percent lower at 8,665 tonnes compared to 11,103 tonnes in the preceding month.