Monday, July 12, 2010

DJ Malaysia July 1-10 Palm Oil Exports 460,343 Tons -SGS

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports during the July 1-10 period rose 8.8% on month to 460,343 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

The estimate is better than market expectations of a 6.8% rise in shipments.

SGS estimated exports at 423,199 tons for the same period in June.

Another surveyor, Intertek Agri Services, put July 1-10 palm oil exports at 474,928 tons Saturday.

The following are the major items in the SGS estimate: 
  (All figures in metric tons) 
                         July 1-10        June  1-10 
   RBD Palm Olein          203,351         179,084 
   RBD Palm Oil             50,753          51,649 
   RBD Palm Stearin         46,563          29,898 
   Crude Palm Oil           77,750          96,953 
   Total*                  460,343         423,199 
   Major importers of Malaysian palm oil: 
   European Union           70,781          98,117 
   China                    74,136         116,125 
   U.S.                     69,674          40,172 
   India                     7,800          27,602 
   Pakistan                 93,750          18,000 
*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. 

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