March 23, 2013: Malaysian palm oil futures on Bursa Malaysia Derivatives exchange ended higher on Friday, the highest in a month on Friday on hopes of export demand paring record stocks. Despite weak market sentiment on the back of concerns about a possible debt default by Cyprus that could hit the euro zone’s fragile recovery and crimp edible oil demand, prices rallied higher. Data this week lifted expectations of market participants that exports of palm oil will climb and help ease the 2.44-million-tonne stock build up in Malaysia, the world's No.2 producer of the edible oil. Cargo surveyors Intertek Agri Services and SGS (Malaysia) Bhd said that March 1-20 shipments showed a monthly gain of 11 per cent and 14 per cent, respectively. China’s February palm oil imports rose 10.5 per cent on year to 423,831 tonnes, the General Administration of Customs said Thursday. Imports in the first two months rose 8.5 per cent on year to 896,564 tonnes, it said.