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RBD palm kernel oil was the major product exported, accounting for 331,670 tonnes or 31.3% of the total palm kernel oil exports, followed by crude palm kernel oil 185,912 tonnes (17.5%) and RBD palm kernel olein 113,389 tonnes (10.7%).
Malaysian palm oil price registers sharpest daily gain in a week
The palm oil August contract looks neutral in a narrow range of 2,578-2,614 ringgit a tonne, and an escape could suggest a direction, said Wang Tao, a Reuters market analyst for commodities and energy technicals.In related vegetable oils, soybean oil on the Chicago Board of Trade was up 0.9 percent, while the September soybean oil contract on the Dalian Commodity Exchange rose 0.3 percent.
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