Malaysian Palm Oil Export to South Asia Region
(January-February 2023)
A Review on MPO Export Performance
Table 1: A Review on MPO Export Performance (MT)
| No. | Country | Jan-Feb 2023 | Jan-Feb 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|---|
| 1. | India | 401,448 | 411,165 | (9,717) | (2.36) |
| 2. | Pakistan | 49,238 | 80,842 | (31,604) | (39.09) |
| 3. | Bangladesh | 23,115 | 50,630 | (27,515) | (54.35) |
| 4. | Afghanistan | 37,816 | 8,808 | 29,008 | 329.34 |
| 5. | Sri Lanka | 2,402 | 9,394 | (6,992) | (74.43) |
| 6. | Maldives | 612 | 1,111 | (499) | (44.91) |
| 7. | Nepal | 513 | 69 | 444 | 643.48 |
| Grand Total | 515,144 | 562,019 | (46,875) | (8.34) |
Source: MPOB
During Jan-Feb 2023 period, MPO exports to the South Asian region registered a total of 515,144 MT against 562,019 MT which was registered during the same period of last year, a decrease of 46,875 MT or by 8.34%. India holds the biggest market share of 78% being the largest importer of MPO in this region.
Table 2: MPO Exports to India by Type of Products (MT)
| TYPE OF PRODUCTS | Jan-Feb 2023 | Jan-Feb 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|
| CPO | 335,654 | 195,179 | 140,475 | 71.97 |
| RBD PL | 41,760 | 188,162 | (146,403) | (77.81) |
| PFAD | 12,151 | 11,165 | 986 | 8.83 |
| RBD PS | 3,630 | 220 | 3,410 | 1548.37 |
| CPO FOR RSPO AND ISCC | 6,453 | 9,800 | (3,347) | (34.16) |
| PAO | 1,167 | 187 | 979 | 522.24 |
| CPL | – | 4,999 | (4,999) | (100.00) |
| OTHERS | 634 | 1,452 | (818) | (56.34) |
| TOTAL | 401,448 | 411,165 | (9,717) | (2.36) |
Source: MPOB
MPO exports to India during Jan-Feb 2023 showed a decrease by 2.36% from 411,165 MT to 401,448 MT mainly due to huge imports of edible oils into the country during the previous months. This has resulted in the stock reaching its peak of 1.26 million MT by the end of January 2023. High stock situation and the start of domestic mustard supply has kept the edible oil’s imports to stay low in February 2023.
A decrease in the import of soft oils was also reported. The imports are estimated to stay lower even during the coming months at around 1.05-1.10 million MT which would bring down the stocks to a normal level of 750,000 MT by middle of 2023.
Table 3: MPO Exports to Pakistan by Type of Products (MT)
| TYPE OF PRODUCTS | Jan-Feb 2023 | Jan-Feb 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|
| CO | 18,128 | 36,006 | (17,878) | (49.65) |
| RBD PL | 26,972 | 37,909 | (10,938) | (28.85) |
| RBD PO | 2,235 | 689 | 1,546 | 224.21 |
| CPO | – | 5,000 | (5,000) | (100.00) |
| PAO | 939 | 927 | 12 | 1.31 |
| OTHERS | 964 | 311 | 653 | 209.97 |
| TOTAL | 49,238 | 80,842 | (31,604) | (39.09) |
Source: MPOB
MPO exports to Pakistan during this period also went down to 49,238 MT from 80,842 MT recorded during the same corresponding period of last year. This was also contributed by the higher edible oil stocks at Port Qasim Authority (PQA) and Karachi Port Trust (KPT) which recorded a figure of 456,315 MT, 12.69% higher than the closing stocks of the previous month. The stocks of RBD palm olein is showing the highest share of 52.49% followed by palm oil 36.05%. Palm oil and its various fractions have a share of 91.69% in the total ending stocks. Lower intake of palm oil into the country was also contributed by the slow processing of document at the bank which has resulted in the increase of stocks at PQA. The arrivals in the month of March 2023 are likely to be lower at the level of 180,000 – 200,000 MT which will result in reduction of stocks at the end of the month.
Table 4: MPO Exports to Bangladesh by Type of Products (MT)
| TYPE OF PRODUCTS | Jan-Feb 2023 | Jan-Feb 2022 | Diff (Vol) | Diff (%) |
|---|---|---|---|---|
| RBD PL | 20,626 | 48,251 | (27,625) | (57.25) |
| RBD PO | – | 42 | (42) | (100.00) |
| RBD PS | 315 | 416 | (101) | (24.33) |
| PFAD | 1,088 | 635 | 453 | 71.34 |
| RBDPL FOR RSPO FROM SEGREGATED | 461 | 295 | 166 | 56.27 |
| CO | 585 | 749 | (164) | (21.90) |
| OTHERS | 40 | 241 | (201) | (83.40) |
| TOTAL | 23,115 | 50,630 | (27,515) | (54.35) |
Source: MPOB
MPO exports to Bangladesh also went down during Jan-Feb 2023 period to a total of 23,115 MT from 50,630 MT during the same corresponding period of last year. Higher stocks have also contributed to lower intake of palm oil into the country as palm oil and soft oils stocks increased by 5.72% and 10.16% compared to Jan 2023 respectively. Both palm oil and soft oil stocks are expected to increase in Mar 2023 due to the upcoming Ramadan in March 2023.
Table 5: Breakdown of MPO Exports (MT)
Source: MPOB
In terms of breakdown, the biggest product being exported to the region during Jan-Dec 2022 period is crude palm oil (CPO) accounting for 62% of overall palm oil imports followed by RBD palm olein (RBD PL) with 19%. These two palm oil products accounted for 81% of the total MPO exports to this region. Among the major importers of Malaysian CPO are India and Pakistan and major destinations for Malaysian RBD PL are India, Pakistan and Bangladesh. Cooking oil exports have also increased from 283,002 MT to 462,290 MT with major destinations include Pakistan and Afghanistan.
Chart 1: Breakdown of MPO Exports (MT): Jan-Feb 2023
Source: MPOB
For more info please contact Mrs Azriyah Email : azriyah@mpoc.org.my
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