USDA arm sees 2017-18 Malaysia palm oil exports at 18 mln tn, up 6%

Malaysia’s palm oil exports in 2017-18 (Oct-Sep) are estimated at 18 mln tn, up 5.9% on year. The USDA arm has pegged Malaysia’s total domestic consumption marginally higher at 3.19 mln tn, compared with 3.17 mln tn. “The increase is in line with population growth and marginal growth in biodiesel production for domestic consumption. Malaysia’s palm oil ending stocks in 2017-18 are estimated to fall to 1.5 mln tn from 1.7 mln tn a year ago.