棕榈油研究周报：马棕7月累库不及预期，棕榈油价格上涨-20250818

Report Summary 1. Report Industry Investment Rating - No information provided 2. Core View - The inventory build - up of Malaysian palm oil in July was lower than expected, leading to an increase in palm oil prices [1] 3. Summary by Directory 3.1行情回顾 - The report covers BMD Malaysian palm oil, DGE palm oil, palm oil产区 weather, international supply - demand, domestic supply - demand, and domestic and international palm oil futures - spot prices and spreads [4] 3.2 International Supply and Demand - MPOB July Report: No detailed content provided - India SEA July Report: No detailed content provided - Malaysian Palm Oil August Forecast: No detailed content provided - Other Important Information: No detailed content provided - Export Data: - According to AmSpec on 2025/8/15, Malaysian exports were 696,425, a 21.3% increase from the previous month and a 16.14% increase from the same period last year. Exports of different types of palm oil had varying trends, with 24 - degree palm oil up 54.23% month - on - month and 44 - degree palm oil up 63.24% month - on - month [25] - According to another data source on 2025/8/15, Malaysian exports were 724,191, a 16.5% increase from the previous month and a 13.60% increase from the same period last year. Exports to major markets such as the EU, India and the sub - continent increased, while exports to China decreased by 76.31% month - on - month [25] - According to SES on 2025/8/10, Malaysian exports were 339,143, a 65.25% increase from the previous month and a 30.77% decrease from the same period last year. Exports to India increased significantly by 137.04% month - on - month, while exports to China decreased by 25.43% month - on - month [27] 3.3 Domestic Supply and Demand - Import Profit: No detailed content provided - Palm Oil Transactions: No detailed content provided - Palm Oil Inventory: No detailed content provided 3.4 Domestic and International Palm Oil Futures - Spot Prices, Spreads - Basis, Monthly Spread, Variety Spread: No detailed content provided - Palm Oil Warehouse Receipt Quantity and Futures Open Interest: No detailed content provided - FOB Quote: No detailed content provided