MPOB October 2026: Malaysia Palm Stocks Reach 3.62 Million Tonnes

Kuala Lumpur — Malaysia's palm oil stocks reached 3,621,164 tonnes at the end of October 2026, up 3.15% from a revised 3,510,555 tonnes in September, the Malaysian Palm Oil Board (MPOB) reported on 10 November. Crude palm oil (CPO) output rose 1.74% to 2,153,701 tonnes, while palm oil exports jumped 55.75% to 1,708,670 tonnes. The October figures are preliminary; MPOB has revised its September data.

Exports rebound, but stocks still rise

The board's monthly summary shows that the much stronger export flow did not prevent another rise in closing stocks. September exports were 1,097,074 tonnes. The October stock total comprises 2,324,211 tonnes of crude palm oil and 1,296,953 tonnes of processed palm oil, according to MPOB's October performance ticker. The stock measure is palm oil, rather than all oil-palm products including palm kernel oil.

Imports of palm oil, measured as crude plus processed oil, fell to 26,207 tonnes from a revised 58,064 tonnes in September, a decline of 54.86% in the board's ticker. Its detailed table shows October imports of processed palm oil at 26,207 tonnes and no separate October volume under crude palm oil imports. The revised September figure includes 6,812 tonnes of crude oil imports alongside 51,252 tonnes of processed oil. These import numbers should not be confused with Malaysia's export volumes.

Below the Reuters stock forecast

A Reuters report carried by Business Recorder says a pre-release survey had projected October stocks of 3.75 million tonnes, CPO production of 2.2 million tonnes and palm oil exports of 1.6 million tonnes. The actual stock figure therefore came in below the rounded survey forecast even as it surpassed September's record. Output was also below the forecast, while exports exceeded it. The survey figures are expectations, not earlier official results, and their rounded precision should not be mistaken for exact monthly totals.

Reuters described October as another record month for production and the seventh consecutive monthly increase in inventories. That combination matters more than any single percentage: a strong export rebound and a further stock build-up occurred together. MPOB flags October as provisional and September as revised after late and corrected submissions, so comparisons should use the current official table rather than an older September snapshot.

FCPO price: the morning decline preceded the release

CNBC Indonesia, citing Refinitiv, put the Bursa Malaysia January 2027 CPO futures contract at RM4,147 a tonne at 10:15 a.m. Jakarta time on 10 November, down 2.61% from the Friday 6 November close of RM4,258. Malaysian trading had been closed on Monday. CNBC's report said traders were still awaiting MPOB's October data; this quotation cannot be called a post-release price reaction. It described weaker competing vegetable oils and crude oil as contemporaneous pressures on CPO. A verified post-release closing price is needed before attributing any subsequent move to the MPOB numbers.

What it means for Indonesia

For Indonesian readers, the report gives a documented benchmark for a neighbouring palm oil supplier's output, exports and stock position. It does not, on its own, establish a change in Indonesian CPO exports, domestic fresh fruit bunch prices or biodiesel demand. MPOB also records Malaysian biodiesel exports of 5,406 tonnes in October, versus 2,930 tonnes in September; that series is not a measure of domestic biodiesel use in either country.

CNBC Indonesia noted that lower crude oil prices can make palm oil less competitive as biodiesel feedstock. That is a market explanation in its price report, not evidence that the October MPOB release changed a Malaysian blending mandate or Indonesia's B50 implementation. Indonesian price readers can compare subsequent market quotations on the site's CPO price page, but should keep futures prices distinct from physical prices and from the monthly supply-and-demand report.