Palm | Kelapa Sawit

KUALA LUMPUR, March 20 (Reuters) - Tankers carrying palm oil from Malaysia and Indonesia face delays of up to a month in discharging their cargoes at destination ports, especially in Southern China, due to oversupply, Malaysian traders said on Friday.
Top palm producers Indonesia and Malaysia ship about 100,000 tonnes of palm oil products each week to China, the world's largest consumer of vegetable oils, historical data shows. The latest delay is for a 54,000-tonne tanker from Indonesia chartered by a Singaporean based palm producer, which may have to wait for two weeks or more to offload consignments of crude palm oil and refined palm olein, a top Malaysian trader said.