Malaysian palm oil price up on surge in exports, but higher stocks cap gains

    Cargo surveyor Intertek Testing Services reported that exports of Malaysian palm oil products for May 1-10 rose 41.3 percent from the same period in April to 458,677 tonnes as shipments to India and Europe doubled, with buyers snapping up duty-free cargoes of crude palm oil. 

   But despite the sudden jump in demand, with a weaker Malaysian currency making the ringgit-denominated palm feedstock cheaper for overseas buyers, the rise in end-stocks kept a lid on gains.