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  • Nov 1st, 2005
  • Comments Off on Malaysia’s October palm exports up 2.5 percent
Malaysian exports of oil palm products for October are estimated to have risen 2.5 percent to 1,239,339 tonnes from the 1,209,350 tonnes tracked for September, Societe Generale de Surveillance, a cargo surveyor, said on Monday.

The figure was up 1.0 percent against SGS's estimate of 1,227,363 tonnes for October 2004.

SGS said its latest estimate comprised 1,129,275 tonnes of palm oils and 110,064 tonnes of oleochemicals and lauric oils.

In the palm oil category, 98,046 tonnes were made up of RBD palm oil, 480,071 tonnes of RBD palm olein, 175,509 tonnes of RBD palm stearin and 202,494 tonnes of crude palm oil.

China was the biggest buyer of Malaysian oil palm products for the period, taking 283,668 tonnes, followed by Pakistan with 118,100 tonnes, and the United States with 68,026 tonnes. European Union countries, another major destination, accounted for 298,127 tonnes of the export total.

Copyright Reuters, 2005


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