| Malaysia Accounted for Bigger Share on China Palm Oil Import for Second Consecutive Month in October 2016
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VIEWS
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by Desmond Ng
Regional Manager, China
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| Total import of three major vegetable oils in Sep 2016 was at 554,393 MT, a 24.98% decrease from last year. Among these, import volume of palm oil shows continued recovery on month-to-month basis (up by19.23%) to reach 480,786 MT in September 2016, which is also its fourth consecutive month of increase. However, this volume is still 15.44% or 87,799 MT lower compared to same period last year. Malaysia exported 275,237 MT of palm oil to China which increased by 27.82%, while Indonesia exported 205,543 MT to China which surprisingly dropped by 41.81% compared to last year. Interestingly, this is the first month in 2016 when MPO exports exceeded last year’s figures for the same period. |
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