Malaysian exports hit 8 year low, output and stocks fall as well

Malaysian exports totaled a mere 971,640 metric tons during the month of February. This is the lowest monthly export total on record, going back through 2008. The previous low was 1,065,151 MT set back in February of 2008. Fortunately, crude palm oil output also hit its lowest level since February of 2011.

Highlights for February palm activity show that exports were down 18.4% to 971,640 MT from…