November 2012 Palm Oil Export 1.66 Mln Tons Up 3.8%

By Shie-Lynn Lim

  KUALA LUMPUR--Malaysia exported around 1.66 million metric tons of palm oil in November, an increase of 3.8% from a month earlier, cargo surveyor Intertek Agri Services said Friday.
  The figure is a tad higher than market expectations of 1.62 million-1.65 million tons. Intertek estimated October exports at 1.60 million tons. Another surveyor, SGS (Malaysia) Bhd., is expected to issue its estimate for November later in the day.
  The following are the major items in the Intertek estimate:
  (All figures in metric tons)

                                   November         October
   RBD Palm Olein          726,368         540,453
   RBD Palm Oil              124,035         124,640
   RBD Palm Stearin        164,863         134,301
   Crude Palm Oil            412,380         548,250
   Total*                       1,663,092       1,600,545

   Major importers of Malaysian palm oil:

   China                          533,480         250,200
   European Union          284,450         371,879
   India & Subcontinent    292,450         446,515
   Middle East                 108,320         111,246

*Palm oil product volumes don't add up to total as some products aren't
included.

  Write to Shie-Lynn Lim at shie-lynn.lim@dowjones.com

  (END) Dow Jones Newswires
  November 29, 2012 22:55 ET (03:55 GMT)


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