The figure is lower than market expectations of 1.32 million tons.
SGS estimated December exports at 1.49 million tons.
Another surveyor, Intertek Agri Services, pegged January exports at 1.32 million tons.
The following are the major items in the SGS estimate:
(All figures in metric tons)
January December RBD Palm Olein 617,313 659,221 RBD Palm Oil 104,791 112,074 RBD Palm Stearin 157,558 102,234 Crude Palm Oil 164,970 378,744 Total* 1,290,078 1,486,574 Major importers of Malaysian palm oil: European Union 230,887 295,975 China 245,456 336,980 U.S. 133,260 122,084 India 95,500 97,550 Pakistan 74,429 166,700 *Palm oil product volumes don't add up to total as some products aren't included.SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.