15 March 2013 09:25 [Source: ICIS news]
SINGAPORE (ICIS)–Malaysia exported 675,210 tonnes of palm oil during 1-15 March, up by 0.25% from the same period in February, according to cargo surveyor Intertek Testing Services.
The healthy exports and seasonally lower production are expected to bring down Malaysia’s high stock levels, market sources said.
Malaysia’s crude palm oil (CPO) futures for the May contract were at ringgit (M$) 2,400/tonne ($771.70/tonne) at mid-day on 15 March, higher compared to the previous day’s closing price at M$2,366/tonne.
($1 = M$3.11)
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