KUALA LUMPUR (Commodity Online): Palm oil exports from Malaysia is expected to be marginal up or flat during the December 1 to 10 period due to the higher exports in November and the high prices for the palm oil.

According to shipping agents, the country is believed to have exported 100,000-150,000 tons in November from 73,290 tons in October. Palm buyers around the world replenished stocks in November.

Estimated exports during November 1-10 around 403,000-421,000 metric tons.

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Palm oil imports from Indonesia are likely to have risen to 100,000-150,000 tons in November from 73,290 tons in October, he said.

Indonesian exporters are concerned that the Indonesian government may reinstate an export tax on palm oil, so they are moving supplies to Malaysia ahead of time. The country imposes an export tax on crude palm oil whenever average prices in the previous month are $700/ton or higher.

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