Wednesday, March 31, 2010

DJ Malaysia March Palm Oil Exports 1.35 Mln Tons, Up 12% -Intertek

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports rose 12% on month to 1.35 million metric tons in March, cargo surveyor Intertek Agri Services said Wednesday.

China was the biggest buyer of Malaysia's palm oil products, buying 370,929 tons. The Indian subcontinent bought 298,357 tons and the European Union 204,621 tons.

Intertek's estimate was in line with market expectations of a rise in shipments to around 1.35 million tons.

The cargo surveyor estimated exports at 1.21 million tons in February.

Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate for March exports later Wednesday.

-By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;

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