to 435,148 tonnes from 354,504 tonnes shipped between May 1 to 10, cargo
surveyor Intertek Testing Services said today.
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.
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. —
Source : Business Times