Indonesia’s May palm oil exports down 11.8% y/y, GAPKI says

Indonesia’s palm oil exports in May were 1.97 million metric tons, an 11.8% drop from a year earlier, data from Indonesian palm oil association GAPKI showed on Monday.

Crude palm oil output in Indonesia, the world’s biggest producer, was 3.89 million tons in May, GAPKI said. That took stocks to 4.05 million tons at end-May end, a 9.38% monthly increase.

Tags: exports, Indonesia, Crude palm oil, palm oil, output