Palm Oil Exports Lower In August 1 to 25 Period

Cargo surveyor Intertek said Wednesday that the country’s palm oil exports dropped 7.6% to 992,319 tonnes in the August 1 to 25 period compared to the same period in July.

Meanwhile, SGS said Malaysia’s palm oil exports fell 14.9% to 939,456 tonnes in the same period compared to the July period.

Plantation stocks were mostly lower in late morning trade with IOI Corp down 1 sen to RM5.24, Batu Kawan 6 sen lower at RM11.88 and KLK dropping 4 sen to RM16.88.

Crude palm oil for November delivery was RM8 lower at RM2,502 per tonne.

Source: The Star

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