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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

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