Malaysian Nov 1-20 Palm Oil Exports down 6.25%

Malaysian palm oil exports of 891,926 metric tons are 6.25% less than what was seen over the first 20 days of October but 21% more than the 734,800 MT shipped over the same period in November 2016. Export activity is declining, and with India announcing late last week that they are doubling their import tax on crude palm oil (CPO) to 30% and raising the import tax on refined palm oil from 25% to 40%, it is likely that…