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Malaysia s Feb 1-15 palm oil exports up 27 4% mth/mth -ITS | Hellenic Shipping News Worldwide

China 70,260 53,050 India & subcontinent 71,675 56,190 (Only selected palm products and destinations are displayed here; they may not add up to total exports) TOTAL PALM EXPORTS, BY MONTH Month Total Net Change m/m % January 1,059,225 -626,733 -37.2 December 1,685,958 +276,207 +19.6 November 1,409,751 -280,486 -16.6 Source: Reuters (Reporting by Kuala Lumpur Newsroom, 2021-02-16

Malaysia s Feb 1-15 palm oil exports up 27 4% m-o-m — ITS

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Malaysia s palm oil stocks expected to have grown 7 5% m-o-m at end-January

KUALA LUMPUR (Feb 4): Malaysia’s palm oil stocks likely grew 7.5% month-on-month (m-o-m) to 1.36 million tonnes (at end-January 2021) due to a slower decline in production compared to exports, said CGS-CIMB. Its analyst Ivy Ng said findings of a survey of palm oil areas by the CGS-CIMB Futures team revealed that Malaysia’s crude palm oil (CPO) output probably fell 14% m-o-m or 2.1% year-on-year (y-o-y) to 1.15 million tonnes in January 2021. Meanwhile, palm oil exports likely fell 35% m-o-m and 13% y-o-y, based on export statistics by cargo surveyors Intertek Testing Services (ITS) (-37.2% m-o-m), AmSpec Malaysia (-36.4% m-o-m) and SGS (-32.07%). Ng estimated that Malaysia’s palm oil inventory had probably grown 7.5% m-o-m but declined 22.5% y-o-y to 1.36 million tonnes at end-January 2021.

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