DJ Malaysia June 1-20 Palm Oil Exports 914,849 Tons, +16% -SGS

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports during the June 1-20 period rose 16% compared with the same period last month to 914,849 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

It estimated exports at 791,971 tons for the same period in April.

Intertek Agri Services, another surveyor, estimated June 1-20 exports at 906,321 tons earlier Monday.

The following are the major items in the SGS estimate: 
 
  (All figures in metric tons) 
 
 
                        June 1-20        May 1-20 
   RBD Palm Olein         448,157         404,974 
   RBD Palm Oil            81,824         101,997 
   RBD Palm Stearin        84,994          70,601 
   Crude Palm Oil         167,846          70,850 
   Total*                 914,849         791,971 
 
   Major importers of Malaysian palm oil: 
 
   European Union         158,620         112,994 
   China                  310,740         248,282 
   U.S.                    46,572         102,375 
   India                   63,655          22,000 
   Pakistan                69,420          63,700 
 
*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;
shie-lynn.lim@dowjones.com 

DJ Malaysia June 1-20 Palm Oil Exports 906,321 Tons -Intertek

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil exports during the June 1-20 period rose 17% from the same period last month, to 906,321 metric tons, cargo surveyor Intertek Agri Services said Monday.
China was the biggest buyer of Malaysia's palm oil products, followed by the European Union and the Indian subcontinent, with purchases amounting to 344,600 tons, 154,276 tons and 116,472 tons, respectively.
Intertek estimated May 1-20 exports at 775,995 tons. Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate for June 1-20 later in the day.


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

shie-lynn.lim@dowjones.com

Next Week CPO Trend: Bullish or Bearish

Hi traders,

I have discovered reversal Doji candlestick for daily chart. It is possible the price will be downtrend next week. But wait until a bearish candlestick to close below than 2387. If then, the trend will further go down.

Just my 2 cents....