Malaysian palm oil futures fell to trade around RM3,700 a tonne, after recent data showed that Malaysia’s stocks rose 10.7% from a month earlier in March. Palm oil prices have been supported by prospects of improving demand ahead of the Ramadan festival, with cargo surveyors data showing exports of Malaysian palm oil products up about 27% month over month in March, amid stronger demand from India, Europe and Africa. Also, traders foresee April exports to be a tad better as India, the biggest buyer of edible oil seeks to replenish stocks to meet higher demand from hotels and restaurants.
