Malaysian palm oil exports end July lower than expected

Exports picked up over the final 5 days of the month, narrowing the month over month July trade gap from down 18% from June to down 6.4%. The bump up in trade activity was not enough though, and left a bit of disappointment in the market. Exports were expected to fare better in the second half of July, given Indonesia’s new export tariff system. The drop off in export activity appears worse now due to analyst…