Malaysian palm oil exports soar, prices stall

Palm oil exports moved 53% higher to 1,382,782 metric tons over the first 25 days of May compared to the 904,112 MT shipped during the same time frame in April. Crude palm oil demand continued to surge and is up 798% to 528,143 MT versus 58,800 MT in April. Strong demand from India and the EU, (to a lesser extentChina) has helped to underpin prices. Demand from India improved by 90,000 MT in the past five days and is up…