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Indonesia’s March palm oil exports down 40% y/y

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By Reuters

JAKARTA: Indonesia exported 2.02 million tonnes of palm oil in March, including refined products, down 40% from the same month a year earlier, data from the Indonesia Palm Oil Association (GAPKI) showed on Thursday.

Indonesia produced 3.78 million tonnes of crude palm oil, taking end-March stocks to 5.68 million tonnes, compared to end-February stocks of 5.05 million tonnes, GAPKI data showed.

Palm oil may rise to 6,602 ringgit

Indonesia has since April 28 stopped palm oil exports to control domestic prices.

Palm Oil indonesia

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