The stockpile in the world's second-largest producer is pegged to shrink 6% from the month before to 1.54 million tonnes, according to the median estimate of 11 planters, traders and analysts polled by Reuters.
Exports are seen leaping 20% to 1.27 million tonnes, the highest in five months, partly helped by a three-week export ban in rival producer Indonesia which had prompted traders to turn to Malaysian palm oil.