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The pace of palm oil exports from Malaysia drop
As expected by market operators, for the period of Ramadan, the pace of palm oil exports from Malaysia weaken
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After a short growth the day before, the export price of palm oil has moved to decrease. At the end of trading Wednesday, the price was $ 668 USD./ton or of -1.47% for the week. For a month the price has already lost 3,19%.

According to surveyors Intertek for the period of June 1-20 exports fell by almost 15% compared to the same period last month to 721 thousand tonnes. Investors concerned about rising palm oil stocks amid recovery in its production after the drought provoked by El niño.

Photo: pnp.ru



Translated by service "Yandex.Translation"
Источники: УкрАгроКонсалт
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