India was the biggest buyer of Malaysian palm oil during the period, taking 53,900 tonnes, followed by Egypt, which bought 38,200 tonnes. European United countries bought 61,581 tonnes. The international market sources reported that palm oil sentiment remained weak at the opening oil market on Monday. In its latest crop, stocks and export report the Malaysian Palm oil Board (MPOB), formerly PORLA, estimated output at 7,79,318 tonnes in April up 4.81 % from March, while exports were 6,16214 tonnes against 7,57,811 tonnes in March. MPOB put stocks at 9,67,145 tonnes in April against 9,44.166 tonnes in March. Later SGS released its export date for the May 1-15. Malaysian palm oil exports for May 1-15 were at 3,01,042 tonnes compared with 3,67,391 tonnes in the first 15 days of April, as reported. |
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