Malaysian Palm Oil exports down 12.9% month over month

According to cargo surveyor Intertek Testing, demand for palm oil exports in second half of the month continues to decline. On the 15^th, palm exports were off by 8.8%, and over the previous five days they continued to soften, dropping to a 12.9% reduction m-o-m. Crude palm oil (CPO) shipments are the lone bright spot, up 18.6%.  However, slumping demand in the refined market is turning the tide…