Exports of Malaysian palm oil products for Feb. 1-15 fell 4.9 percent to 508,955 tonnes from 535,651 tonnes shipped during Jan. 1-15, cargo surveyor Intertek Testing Services. India & subcontinent imported 129,050 tons during 1-15 Feb. v/s 106,400 tons same period of last month.
Malaysia set its crude palm oil export tax for March at zero, unchanged from February. On the production front, combined crude palm oil output from Malaysia and Indonesia is expected to rise to 51.1 million tons in 2015 v/s 49.2 million tons last year – Malaysian government.
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