Palm oil exports from Indonesia jumped 23 percent in 2017 from the year before, said an industry body in the world's top supplier of the commodity. Exports of crude palm oil (CPO) and palm kernel oil rose to 31.05 million tonnes last year from 25.1 million tonnes in 2016, the Indonesian palm oil association (GAPKI) said on Tuesday.
Exports to India, the main overseas buyer of Indonesian palm, grew by 32 percent last year, while shipments to African countries were up 50 percent, GAPKI said. The association did not give an official estimate for 2018 exports, although a GAPKI board member said in November that these would come in at 29 million tonnes.
The body's secretary general Togar Sitanggang on Tuesday said the European Union's plan to back a ban on the use of palm oil in biofuels would continue to impact markets for the commodity, repeating GAPKI's criticism that the move was "discriminatory". GAPKI estimated that 2018 crude palm oil output would grow 10 percent from 38.17 million tonnes last year.
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