Indonesia's Nov palm, palm kernel oil exports at 2.99mn T

JAKARTA: Indonesia's palm and palm kernel oil exports in the month of November rose 14 percent to 2.99 million tonnes compared to the same month a year earlier, Indonesia Palm Oil Association (GAPKI) said in a statement on Monday.

On a monthly basis, the shipment fell nearly 5 percent from 3.14 million tonnes in October, due to sluggish demand from big buyers such as China and Europe, GAPKI said.

At the end of November, domestic stocks of palm oil stood at 3.89 million tonnes, GAPKI also said, down from 4.41 million tonnes a month earlier.