Friday, June 25, 2010

DJ Malaysia June 1-25 Palm Oil Exports 1.11 Mln Tons -SGS

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports rose 6.1% on month to 1.11 million metric tons during the June 1-25 period, cargo surveyor SGS (Malaysia) Bhd. said Friday.

SGS estimated exports at 1.05 million tons for the first 25 days of May.

The estimate is slightly lower than market expectations of a rise in shipments to 1.12 million-1.15 million tons.

Earlier in the day, another surveyor, Intertek Agri Services, put June 1-25 exports at 1.12 million tons.

The following are the major items in the SGS estimate: 
  (All figures in tons) 
Product              June 1-25        May 1-25 
RBD Palm Olein         528,061         507,596 
RBD Palm Oil           100,654         129,040 
RBD Palm Stearin       104,424          79,921 
Crude Palm Oil         207,446         134,500 
Total*               1,113,923       1,049,692 
Major importers of Malaysian palm oil: 
European Union         190,685         170,310 
China                  322,860         281,982 
U.S.                    79,231         143,148 
India                  103,455          46,150 
Pakistan                99,420          79,700 
*Palm oil product volumes don't add up to total as some products aren't
  SGS Malaysia is a division of the Switzerland-based Societe Generale de
Surveillance Group. 
  -By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233; 

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