Core Insights - Malaysia's palm oil inventory is expected to rise to 2.23 million tons in July, the highest level since December 2023, marking the fifth consecutive month of increase [1] - Palm oil production in July increased by 8.3% to 1.83 million tons, the highest level in 11 months [1] - Export volume is projected to grow by 3.2%, but demand from overseas buyers remains weak [1] - The anticipated increase in supply and weak demand may exert pressure on benchmark prices during the peak production period, typically in October [1]