1、 THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.GOVERNMENT POLICY Required Report:Required-Public Distribution Date:October 04,2024 Report Number:MY2024-0007 Report Name:Oilseeds and Products Update Country:Malaysia Po
2、st:Kuala Lumpur Report Category:Oilseeds and Products Prepared By:Katherine McBride Approved By:Timothy Harrison Report Highlights:Post forecasts Malaysias palm oil production in MY 24/25 at 19.2 million metric tons(MT),a decrease from MY 23/24 projections due to delayed effects of the El Nio season
3、.Recent tax changes for Indias imports of vegetable oil and Indonesias exports of palm oil contribute to an expected decline in palm oil exports in MY 24/25 to 15.7 million MT.A competitive vegetable oil market and decreasing soybean complex prices from the United States are expected in MY 24/25.2 P
4、alm Oil:Production Post estimates production of palm oil in Malaysia for Marketing Year(MY)24/25 about two percent lower than MY 23/24 at 19.2 million metric tons(MT),due to the lasting effects of El Nio weather patterns and stagnant labor supply.Area harvested estimates remain at the same level as
5、Posts revised estimate for MY 23/24 at 5.13 million hectares.Industry calculates an approximate six-to-seven-month time lag between weather occurrences and effects on palm oil production.With the El Nio cycle impacting Malaysia through the first half of the 2024 calendar year(CY),Post projects decre
6、ased production of palm oil towards the end of CY 2024 and beginning of CY 2025,as lack of rain and above-average temperatures brought on by an El Nio year impact the pollination of palm trees.The state of Sabah,which accounts for approximately 24 percent of palm oil production in the last two years