Indonesia’s October palm oil exports at 2.89mn metric tons, industry group says

JAKARTA: Indonesia exported 2.89 million metric tons of palm oil in October, including refined products, data from the country’s palm oil association showed on Tuesday.

It dropped from 3.01 million tons in the same month last year, but improved from a revised 2.26 million tons in September, said the association, GAPKI.

In October Indonesia, the world’s biggest palm oil exporter, produced 4.42 million tons of crude palm oil, up around 10% from a month earlier.

Palm extends losses, logs second weekly loss

Indonesia’s palm oil stocks stood at 2.51 million tons by the end of October, down from 2.62 million tons at the end of the previous month as domestic consumption rose, GAPKI data showed.