Monthly Palm Oil Trade Statistics : January 2024

PRODUCT	UNIT	JAN 2024	JAN 2023	CHANGE (MT/RM Mil)	CHANGE (%)
CPO	Tonnes	300,338	268,436	31,902	11.88
CPO	RM Mil	1,141.12	1,065.81	75	7.07
PPO	Tonnes	1,050,236	868,560	181,676	20.92
PPO	RM Mil	4,231.38	3,752.47	479	12.76
PALM OIL	Tonnes	1,350,574	1,136,995	213,579	18.78
PALM OIL	RM Mil	5,372.50	4,818.28	554	11.50
CPKO	Tonnes	10,507	8,878	1,629	18.35
CPKO	RM Mil	41.87	40.15	2	4.28
PPKO	Tonnes	57,985	53,224	4,761	8.95
PPKO	RM Mil	286.98	336.53	(50)	(14.72)
PALM KERNEL OIL	Tonnes	68,492	62,102	6,390	10.29
PALM KERNEL OIL	RM Mil	328.85	376.68	(48)	(12.70)
PALM KERNEL CAKE	Tonnes	231,398	202,431	28,967	14.31
PALM KERNEL CAKE	RM Mil	168.05	146.48	22	14.73
OLEOCHEMICALS	Tonnes	253,161	209,801	43,360	20.67
OLEOCHEMICALS	RM Mil	1,351.98	1,289.88	62	4.81
FINISHED PRODUCTS	Tonnes	50,727	42,561	8,166	19.19
FINISHED PRODUCTS	RM Mil	331.92	292.16	40	13.61
BIODIESEL	Tonnes	40,559	14,239	26,320	184.84
BIODIESEL	RM Mil	193.28	65.4	128	195.54
OTHERS	Tonnes	218,228	223,427	(5,199)	(2.33)
OTHERS	RM Mil	484.29	293	191	65.29
TOTAL	Tonnes	2,213,139	1,891,557	321,582	17.00
TOTAL	RM Mil	8,230.86	7,281.87	949	13.03

	Exports		Imports
	2024	2023	2024	2023
Jan	1,350,574	1,136,027	29,494	144,937
Feb		1,126,127		52,446
Mar		1,487,836		39,772
Apr		1,087,541		33,678
May		1,079,235		80,926
Jun		1,171,739		135,271
Jul		1,354,336		103,840
Aug		1,221,848		110,621
Sep		1,211,294		49,054
Oct		1,480,686		47,557
Nov		1,406,462		39,696
Dec		1,334,441		36,573
Jan-Dec		15,097,572		874,371

COUNTRY	JAN 2024	JAN 2023	CHANGE (MT)	CHANGE (%)	JAN – DEC 2023
INDIA	191,587	186,082	5,506	2.96	2,809,956
KENYA	89,538	61,755	27,783	44.99	915,335
TURKIYE	81,012	93,077	(12,065)	(12.96)	881,518
CHINA	78,240	39,302	38,938	99.07	1,466,864
NETHERLANDS	77,010	54,273	22,737	41.89	521,138
DJIBOUTI	68,258	30,594	37,664	123.11	303,384
IRAN	64,548	48,761	15,788	32.38	243,435
EGYPT	57,600	77,839	(20,239)	(26.00)	279,841
PHILIPPINES	51,529	41,851	9,678	23.13	441,943
PAKISTAN	51,353	39,463	11,890	30.13	503,502
TOTAL	810,675	672,996	137,679	20.46	8,366,915

	Production		End-Stocks
	2024	2023	2024	2023
Jan	1,402,020	1,380,410	2,019,781	2,268,198
Feb		1,253,573		2,119,854
Mar		1,288,354		1,674,022
Apr		1,194,559		1,497,877
May		1,517,634		1,690,204
Jun		1,447,697		1,718,771
Jul		1,609,927		1,733,900
Aug		1,753,472		2,110,980
Sep		1,829,434		2,312,329
Oct		1,937,224		2,447,038
Nov		1,788,870		2,402,611
Dec		1,550,796		2,290,793
*Jan-Dec		1,545,996		2,022,215

* Jan – Dec Average

	CPO Local Prices
	2024	2023
Jan	3,784	3,922
Feb		3,908
Mar		4,160
Apr		4,218
May		3,796
Jun		3,525
Jul		3,897
Aug		3,805
Sep		3,727
Oct		3,640
Nov		3,701
Dec		3,657
*Jan-Dec		3,830

* Jan – Dec Average

Note: Average for Peninsular Malaysia

COUNTRY	JAN 2024	JAN 2023	CHANGE (MT)	CHANGE (%)	JAN – DEC 2023
AFGHANISTAN	23,709	16,943	6,766	39.93	279,835
ALBANIA	50	13	37	283.28	389
ALGERIA	614	753	(139)	(18.44)	14,129
ANGOLA	11,938	4,967	6,971	140.34	47,017
ARGENTINA	406	434	(28)	(6.46)	1,961
AUSTRALIA	11,250	12,616	(1,367)	(10.83)	123,946
BAHRAIN	718	583	135	23.14	7,079
BANGLADESH	7,904	12,238	(4,334)	(35.42)	275,376
BARBADOS	131	82	48	58.51	1,270
BELGIUM	421	542	(121)	(22.26)	11,549
BELIZE	21	–	21	#N/A	21
BENIN	326	10,888	(10,562)	(97.00)	136,255
BRAZIL	230	93	138	148.17	6,964
BRUNEI	702	574	128	22.27	9,264
BULGARIA	89	226	(137)	(60.68)	6,932
CAMBODIA	214	259	(45)	(17.48)	1,429
CAMEROON	1,189	2,219	(1,030)	(46.43)	13,003
CANADA	946	1,020	(73)	(7.19)	13,928
CHILE	665	232	433	186.22	6,582
CHINA	78,240	39,302	38,938	99.07	1,466,864
COMOROS	326	178	148	83.41	1,252
CONGO, DEMOCRATIC REP. OF THE	786	1,748	(962)	(55.02)	32,945
COTE D’IVOIRE	1,458	1,413	45	3.15	32,410
CROATIA	584	215	370	172.19	7,976
DENMARK	4,501	3,803	698	18.35	36,809
DJIBOUTI	68,258	30,594	37,664	123.11	303,384
DOMINICA	285	162	123	75.72	4,240
EGYPT	57,600	77,839	(20,239)	(26.00)	279,841
ERITREA	–	539	(539)	(100.00)	3,065
ESTONIA	105	63	42	66.67	1,072
ETHIOPIA	88	1,028	(940)	(91.44)	6,282
FIJI	–	145	(145)	(100.00)	3,734
FRANCE	–	58	(58)	(100.00)	456
GABON	–	639	(639)	(100.00)	2,638
GAMBIA	1,159	1,111	48	4.34	19,485
GEORGIA	10,250	22	10,228	46,490.91	3,359
GERMANY	14,953	1,048	13,905	1,327.07	46,047
GHANA	11,206	6,656	4,550	68.35	83,342
GREECE	147	578	(431)	(74.59)	8,781
GRENADA	25	–	25	#N/A	254
GUATEMALA	120	60	60	100.00	1,040
GUINEA	858	290	568	195.81	23,215
GUYANA	129	175	(45)	(25.98)	3,607
HAITI	144	571	(427)	(74.84)	1,593
HONG KONG	152	142	10	6.70	2,840
HUNGARY	45	112	(67)	(60.00)	1,021
INDIA	191,587	186,082	5,506	2.96	2,809,956
INDONESIA	304	323	(19)	(5.85)	9,960
IRAN	64,548	48,761	15,788	32.38	243,435
IRAQ	3,334	1,414	1,920	135.79	16,076
ITALY	15,340	9,551	5,789	60.61	214,129
JAMAICA	86	65	21	33.13	1,039
JAPAN	48,818	39,688	9,130	23.00	549,050
JORDAN	1,315	3,131	(1,816)	(58.00)	38,650
KAZAKHSTAN	799	1,568	(769)	(49.03)	16,465
KENYA	89,538	61,755	27,783	44.99	915,335
KUWAIT	3,295	2,087	1,208	57.90	28,682
LATVIA	1,250	40	1,210	3,024.75	377
LEBANON	636	722	(86)	(11.91)	9,105
LIBERIA	47	549	(502)	(91.36)	7,925
LIBYA	49	73	(24)	(33.06)	2,012
LITHUANIA	104	–	104	#N/A	443
MACEDONIA	65	–	65	#N/A	131
MADAGASCAR	20,314	12,196	8,118	66.56	97,137
MALAYSIA	61	–	61	#N/A	#N/A
MALDIVES	492	346	147	42.41	6,600
MALTA	67	67	–	–	142
MARSHALL ISLAND	–	24	(24)	(100.00)	104
MAURITANIA	3,497	6,501	(3,004)	(46.20)	97,558
MAURITIUS	331	202	129	64.05	4,227
MAYOTTE	19	20	(1)	(3.43)	454
MEXICO	171	65	106	162.39	10,245
MICRONESIA FEDERATION	–	20	(20)	(100.00)	137
MONGOLIA	332	154	178	115.33	2,068
MOROCCO	65	21	44	206.24	13,128
MOZAMBIQUE	14,475	7,075	7,400	104.58	270,084
MYANMAR	1,745	746	999	133.86	56,318
NEPAL	412	137	274	199.50	6,537
NETHERLANDS	77,010	54,273	22,737	41.89	521,138
NEW ZEALAND	6,417	5,619	798	14.20	18,713
NIGER	–	88	(88)	(100.00)	4,701
NIGERIA	16,019	16,428	(410)	(2.49)	304,043
OMAN	1,534	6,783	(5,249)	(77.39)	38,832
OTHER COUNTRIES	1,662	1,786	(124)	(6.95)	46,404
PAKISTAN	51,353	39,463	11,890	30.13	503,502
PALESTINE	–	42	(42)	(100.00)	450
PANAMA	142	270	(128)	(47.42)	2,718
PAPUA N GUINEA	685	179	506	283.08	8,236
PERU	–	67	(67)	(100.00)	133
PHILIPPINES	51,529	41,851	9,678	23.13	441,943
POLAND	178	110	68	61.69	1,312
PORTUGAL	85	11	74	677.83	465
PUERTO RICO	57	–	57	#N/A	8
QATAR	3,664	2,134	1,530	71.72	25,312
REUNION	17	10	7	69.01	122
ROMANIA	240	84	156	185.68	2,579
RUSSIA	521	203	318	156.66	4,900
SAMOA	22	–	22	#N/A	41
SAO TOME & PRINCIPE	99	–	99	#N/A	402
SAUDI ARABIA	35,278	23,063	12,215	52.96	361,449
SENEGAL	16,254	2,024	14,230	703.26	128,015
SEYCHELLES	47	–	47	#N/A	324
SIERRA LEONE	–	290	(290)	(100.00)	1,347
SINGAPORE	17,696	15,377	2,319	15.08	205,907
SLOVENIA	47	24	23	94.70	398
SOLOMON ISLAND	24	18	6	34.49	328
SOMALIA	11,086	3,627	7,459	205.69	87,222
SOUTH AFRICA	15,675	9,380	6,295	67.11	121,396
SOUTH KOREA	40,906	36,176	4,730	13.07	470,274
SPAIN	2,777	20,235	(17,459)	(86.28)	84,902
SRI LANKA	620	9	611	6,785.22	24,313
SUDAN	119	784	(666)	(84.88)	2,561
SURINAME	94	36	58	162.22	1,219
SWEDEN	14,722	6,782	7,940	117.08	115,346
SYRIA	95	1,927	(1,833)	(95.10)	28,469
TAIWAN	23,820	13,680	10,140	74.13	255,087
TANZANIA	44,881	44,137	744	1.69	321,438
TIMOR-LESTE	–	75	(75)	(100.00)	113
TOGO	7,342	13,939	(6,597)	(47.33)	236,275
TRINIDAD AND TOBAGO	958	896	62	6.92	11,452
TURKIYE	81,012	93,077	(12,065)	(12.96)	881,518
U.A.E	7,432	7,115	317	4.45	294,446
U.S.A	5,775	19,795	(14,020)	(70.82)	117,523
UKRAINE	40	–	40	#N/A	60
UNITED KINGDOM	5,000	809	4,191	518.00	18,705
URUGUAY	358	108	250	232.73	1,563
UZBEKISTAN	3,002	4,149	(1,148)	(27.66)	35,906
VANUATU	–	39	(39)	(100.00)	241
VIETNAM	21,812	17,554	4,259	24.26	459,229
YEMEN ARAB REP.	6,436	15,915	(9,479)	(59.56)	133,046
GRAND TOTAL	1,350,574	1,136,996	213,579	18.78	15,097,552

* Source MPOB

Source : MPOB
*Disclaimer: This document has been prepared based on information from reliable sources. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.

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