Monthly Palm Oil Trade Statistics : January 2024

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

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