Malaysia Palm Oil Exports Drop 34% in April, Hit 5-Week Low

According to freight survey agencies, Malaysia's palm oil shipments fell over 34% month-on-month during April 1-15, with prices holding below 4,500 ringgit per ton near five-week lows amid weak export sentiment.

Malaysia's palm oil inventories declined for a third consecutive month to a seven-month low in March, while India—the largest consumer—is expected to increase purchases following a 19% import decline in March, potentially easing downward pressure on prices.