Indonesia reduced palm oil exports since the beginning of the year
According to Oil World estimates, Indonesia has shipped 7.58 mln tonnes of palm oil to foreign markets since the beginning of 2024 (January-April), which is significantly lower than 8.37 mln tonnes in the same period of the previous year.
Despite the increase in shipments to India (1.44 mln tonnes vs. 1.22 mln tonnes in January-April 2023), Pakistan (918 thsd tonnes vs. 709 thsd tonnes), and the US (659 thsd tonnes vs. 601 thsd tonnes), there was a significant decrease in supplies to China (774 thsd tonnes vs. 1.36 mln tonnes), Africa (931 thsd tonnes vs. 1.25 mln tonnes), and the EU (995 thsd tonnes vs. 1.10 mln tonnes).
Lower exports were due to a decrease in production due to a shortage of precipitation in oil palm growing regions.
Read also
Uzbekistan to purchase 2 mln tons of soybeans from the US over three years
Tunisia held a tender for the purchase of feed barley
China overtook Ukraine and Chile in walnut exports to the EU
China reportedly made purchases of two cargoes of US wheat for December shipment
India’s Rice Tsunami Is Crashing Global Prices-Here’s Who’s Gett...
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon