Malaysia November 1-20 palm exports down 14 percent: SGS

22 Nov, 2005

Malaysian exports of oil palm products for November 1-20 are estimated to have fallen 14 percent to 679,348 tonnes from the 789,289 tonnes tracked for October 1-20, Society General de Surveillance, a cargo surveyor, said on Monday.
The figure was down 16 percent when compared with SGS's estimate of 804,369 tonnes for November 1-20, 2004.
Society General de Surveillance said that its latest estimate comprised 591,994 tonnes of palm oils and 87,354 tonnes of oleochemicals and Laurie oils.
In the palm oil category, 73,094 tonnes were made up of RBD palm oil, 256,258 tonnes of RBD palm olein, 71,435 tonnes of RBD palm stern and 106,410 tonnes of crude palm oil.
China was the biggest buyer of Malaysian oil palm products for November 1-15, taking 138,393 tonnes, followed by the United States with 49,703 tonnes, and Egypt with 45,516 tonnes.
European Union countries, another major destination, accounted for 168,970 tonnes of the export total.

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