KUALA LUMPUR (Dow Jones)--Malaysia's March palm oil rose 7.7% compared with February to 1.35 million metric tons, cargo surveyor SGS (Malaysia) Bhd. said Wednesday.
The figure is within market expectations of a rise in shipments to around 1.35 million tons.
SGS estimated exports at 1.25 million tons in February. An estimate by another surveyor, Intertek Agri Services, put March exports at 1.35 million tons.
The following are the major items in the SGS estimate:
(All figures in metric tons)
RBD Palm Olein 606,547 507,243
RBD Palm Oil 141,553 115,062
RBD Palm Stearin 122,920 158,770
Crude Palm Oil 219,591 271,628
Total* 1,345,124 1,249,390
Major importers of Malaysian palm oil:
European Union 157,793 236,684
China 371,711 340,315
U.S. 110,072 84,029
India 135,496 105,025
Pakistan 142,401 126,570
*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.
-By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233; email@example.com