Malaysia boosts palm oil exports in March

Malaysia shipped about 1 million tons of palm oil to foreign markets between March 1 and March 25, according to data from Amspec Agri. According to experts, this result is 11% higher than the level in the same period last month.

“The increase in shipments is due to active demand for Malaysian palm oil from countries in Africa, the Middle East and India,” experts explained.

In addition, the increase in shipments is associated with a decline in palm oil prices during the third week of March, as market operators expect Malaysian exports to remain stable amid domestic restrictions in Indonesia, which could affect sales from the region.

Tags: Malaysia, palm oil