Malaysian Palm Oil Exports Fall 18% in February

Export data from cargo surveyor Intertek Testing shows that palm oil shipments for export declined by 18% during February, which comes on the heels of a 10% drop in January. Shipments have been falling as demand for the tropical oil from top importing countries China and the EU has waned.

Monthly palm oil exports were estimated to be 943,135 metric tons in February, down from Intertek’s 1.15 million metric ton estimate for…