By the end of this year, Malaysia's palm oil storage may reach 2 million tons

Introduction: according to overseas media, Malaysia's original palm oil (CPO) inventory has increased from 800000 tons in July to 1.2 million tons, and may reach 2 million tons by the end of this year, putting more pressure on the falling price of CPO The Minister of primary industries said that the next two months will be a high-yield month for palm oil, and the price of CPO may be further pressured He said that the increase in CPO production, together with the fear of transport disruption, had reduced the price of crude palm oil futures from a high of rm1300 in August to between rm850-900 per ton The war in Afghanistan has led to uncertainty in Pakistan and the Middle East, which account for nearly a quarter of Malaysia's crude palm oil exports Pakistan is Malaysia's fourth largest importer of crude palm oil, importing about 100000 tons a month Transport to Pakistan and neighbouring areas is likely to be disrupted due to higher freight and war insurance costs, which is a major challenge for palm oil producers Insurance companies are taking advantage of the situation in Afghanistan to increase their premiums in a discriminatory way, and Malaysia's Ministry of primary industry will meet with marine insurance companies to persuade them to stop such profiteering Pakistan's demand for crude palm oil is still strong as they are increasing inventories in case of shortages, but some shipping companies are reluctant to ship goods to Pakistan In order to weaken the impact of the current crisis, palm oil producers should take measures to reduce production costs, penetrate into new markets, strengthen the work of replanting and burn more crude palm oil to generate electricity (author:) share to feed Weibo share to: