Malaysian palm oil exports soar, prices stall

Palm oil exports moved 54.5% higher to 737,308 metric tons during the first half of May compared to the 477,295 MT shipped during the same time frame in April. Crude palm oil demand continues to surge and is up 675% to 260,243 MT versus 33,600 MT in April. Vigorous demand out of India, the EU, and China has been underpinning prices. Demand from India is up more than 140,000 MT from March, while EU and China demand is up…