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Malaysian palm-oil shipments tumble most in seven years in January

Demand for the commodity, cut by oil price plunge and record oilseed supply, may shift to soya-bean oil: DBS

Oil palm fruit in Johor, Malaysia. Palm oil output contracted for the fifth straight month in January as recent floods and dry weather early last year worsened the usual drop in production at this time of year.

Kuala Lumpur

PALM oil exports from Malaysia, the world's biggest producer after Indonesia, slumped the most in seven years in January as a plunge in energy prices and record global oilseed supply cut demand.

Sales decreased 22 per cent to 1.18 million tonnes from a month earlier,