News

Malaysia’s palm oil exports slowed in May

Published May 23, 2024

Tridge summary

Export data from Intertek Testing Services shows a 5.2% decrease in Malaysian palm oil exports from April to May, with further reductions noted by LSEG. This reduction, along with anticipated increased production, has led to a drop in palm oil futures in Kuala Lumpur.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data from cargo surveyor Intertek Testing Services, exports of Malaysian palm oil in the period 1-15 May decreased by 5.2% compared to the figure for the same period in April – to 600.78 thousand tons. At the same time, LSEG experts estimate the export of the product from May 1 to 20 at 647.35 thousand tons. It should be noted that reduction of palm oil shipments by Malaysia since the beginning of May reduces prices for the product. In addition, pressure on prices is also exerted by expectations of a sharp increase in production. Thus, as a result of trading on May 21 at the ...
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