Epic Agri Commodity Update :Palm oil

Malaysia, world's second-biggest palm oil producer after Indonesia, registered a decline in palm oil exports by 1.9 per cent to 1,004,159 tonnes during December 1-20, 2012 against 1,023,517 tonnes shipped during November 1-20, 2012, stated Cargo Surveyor Intertek Agri Services (ITS) Meanwhile, another cargo surveyor, Societe Generale de Surveillance (SGS) stated that Malaysia also registered a surge in palm oil exports by 0.5 per cent to 1,015,440 tonnes during December 1-20, 2012 against 1,010,417 tonnes shipped during November 1-20, 2012 However, a higher export demand is expected in the near future as planters rush to finish their annual tax free export quota allocation of 3.5 million tonnes which expires end of December.






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