Malaysian palm oil exports jump nearly 31% in January

In Malaysia, Platts reports that a jump in demand for palm oil from the European Union, India and China led to 21% more exports in January than during January 2018. Exports to Europe saw the largest jump by nearly 158% to 253,773 metric tons, while China was the largest destination at 317,212 tons, almost 18% higher on the month. A squeeze on stocks is expected ahead of March when more oil will be required for achieving the biodiesel blending mandate. On the other hand, biodiesel exports fell in January to 44,287 tons, more than 41% on the year.