Monday, January 30, 2012

*Malaysia January Palm Oil Exports Down 13% On Month -SGS

KUALA LUMPUR (Dow Jones)–Malaysia's palm oil exports fell to 1.29 million metric tons in January, a decline of 13% from December, cargo surveyor SGS (Malaysia) Bhd. said Tuesday.
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.

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