The Malaysian oil palm industry has witnessed tremendous growth in the last few decades. Today, oil palm plantings has reached 5.5 million hectares occupying close to 70% of Malaysia’s agriculture land. In 2014, CPO production reached 19.7 million tonnes, while exports of oil palm products was recorded at 25.1 million tonnes with an export value of RM63.6 billion. The first half of 2015, however, have been very challenging for the Malaysian oil palm industry. Heavy rainfalls and flash floods at the end of 2014 and early 2015 had severely affected production, especially in the first quarter of 2015. Despite the lower production, high carry-over stocks coupled with high imports and low export demand had pushed palm oil stocks to above 2 million tonnes at the end of June 2015. Weaker vegetable oils prices and lower Brent crude oil price put a toll on Crude Palm Oil price thereby, affecting export revenue. This paper will provide an overview of the performance of the Malaysian oil palm industry for the first half of 2015 vis-Ã -vis the first half of 2014, covering oil palm planted area, productivity, exports, imports, stocks and the prices of oil palm products, as well as the expected development for the second half of 2015.