26 Apr 2007

Mlaysian palm oil exports up 27% in April

Malaysia's palm oil exports rose 27.1% from April 1 to April 25, compared with a month earlier, independent cargo surveyor Societe Generale de Surveillance said.

A total of 907,330 tonnes of bulk palm oil shipments through Malaysian sea ports were tracked in the period, compared with 714,124 in the first 25 days of March, SGS (Malaysia) Sdn Bhd said in a report issued today.

The estimate comprised 804,484 tonnes of palm oil and 102,846 tonnes of oleochemicals and lauric oils.

The palm oil exports included 81,374 tonnes of refined bleached and deodorised (RBD) palm oil, 334,916 tonnes of RBD palm olein, 103,825 tonnes of RBD palm stearin and 148,075 tonnes of crude palm oil.

China was the largest single buyer of Malaysian palm oil products, taking 231,192 tonnes, followed by the US (101,037 tonnes) and India (74,505 tonnes).

Earlier, another cargo surveyor, Intertek, reported that Malaysia's palm oil exports rose 29% between April 1 and April 25 to 928,874 tonnes.

Malaysia and Indonesia are the world's biggest producers of palm oil, accounting for about 85% of world output.

Source: Bloomberg