Malaysia June 1-10 Palm Exports Up 23 Percent : ITS

Exports of Malaysian palm oil products for June 1-10 rose 22.7 per cent

to 435,148 tonnes from 354,504 tonnes shipped between May 1 to 10, cargo

surveyor Intertek Testing Services said today.

Meanwhile,

another cargo surveyor Societe Generale de Surveillance said exports of

Malaysian palm oil products for June 1-10 rose 15.6 per cent to 423,199

tonnes from 366,050 tonnes shipped between May 1 and 10.

Also,

industry regulator Malaysian Palm Oil Board said Malaysia’s May palm oil

stocks dropped 3.71 per cent to 1,562,323 tonnes from a revised

1,622,580 tonnes in April.

May’s decline went below market

estimates that palm oil stocks in the world’s No.2 producer of the

vegetable oil likely slipped 0.6 per cent to 1.61 million tonnes. —

Reuters

Source : Business Times

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