MPOB Monthly Report Comments: The actual data is slightly higher than expected

Gold Ten Futures Special New Lake Futures Comments: At noon today, the Malaysian Palm Oil Board (MPOB) released the supply and demand data of horse palm in January. The data shows that the output of horse palm in January was 1.237 million tons, a decrease of 16.8% compared with the previous agency estimated the output of 128-1.34 million tons, and the actual output was slightly lower than expected. The export of horse palm in January was 1.168 million tons, a decrease of 13% compared with the previous month. The agency estimated the export of 114-1.15 million tons, and the actual export was slightly higher than the estimate. Although the import in January was higher than expected to be 88,000 tons, the consumption of the watch in January was also slightly higher. Finally, the stock of horse palm in January was 1.58 million tons, a decrease of 7.55% compared with the previous month, which was lower than the 160-1.66 million tons estimated by the agency. Overall, the actual data released in the MPOB1 report was slightly more than expected. Horse palm inventories were low in January, and supply and demand were tight. Due to the continued rainy season and low production, horse palm inventories may still decline in February.