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Indonesia’s palm, palm kernel oils exports up 15

Indonesia’s palm, palm kernel oils exports up 15.8pc y/y in March

Wed May 15 2019


Indonesia’s palm and palm kernel oil exports in March rose 15.8pc from the same month a year earlier to 2.78 million tonnes, the Indonesia Palm Oil Association (GAPKI) data showed on Wednesday.


On a monthly basis, shipments rose 0.36pc in March due to increased demand from markets such as South Korea, Japan and Malaysia, GAPKI said in a statement.


Shipments to the world’s top vegetable oil market, India, however, fell by 62 percent in March from a month earlier.


At the end of March, domestic stocks of palm oil stood at 2.43 million tonnes, down from February’s 2.5 million tonnes, GAPKI said.


Source: Reuters

Technical Research
Friday, September 13, 2019
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