Malaysia Palm Oil Exports Gain at Slower Pace as India Buys Less

Palm oil shipments from Malaysia increased at a slower pace in the first 20 days of February on fewer purchases by countries in South Asia including India, the biggest buyer, according to an estimate by surveyor Intertek.

Exports climbed 0.6 percent to 835,612 metric tons from 830,830 tons in the same period in January, Intertek said in an e-mailed statement today. The gain was smaller than an 18 percent advance in both the first 10 days and 15 days of the month. Shipments to South Asia fell 13 percent to 180,390 tons, compared with the same period in January, Intertek data show. Societe Generale de Surveillance will release its estimates for the period later today.  Read the full article here