JAKARTA: Indonesia's palm oil output likely rose in February, while exports were seen lower compared to a month earlier, according to a Reuters survey.
Palm oil output in top producer Indonesia were seen at 3.80 million tonnes in February from 3.60 million tonnes a month earlier, according to the median results of a survey of two palm oil groups and a state palm research firm.
Exports from the world's largest palm producer were estimated at 2.88 million tonnes last month, compared with 3.05 million tonnes in January.
Global palm oil prices have been under pressure in the past month due to sluggish demand from big buyers such as India and China, amid oversupply following a bumper harvest in Indonesia and Malaysia last year.
Meanwhile, the domestic use of palm oil was estimated at 1.2 million tonnes in February, slightly higher than January's 1.18 million tonnes estimate, the survey showed.
At the end of last month, palm oil stocks were estimated easing to 2.73 million tonnes, compared to 2.85 million tonnes a month earlier, according to the survey.
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