Indonesia’s May palm oil stocks decline as exports surge
Indonesia’s palm oil stocks at the end of May had contracted by 4.27% from the previous month to 2.9 million metric tonnes, after a surge in exports, data from the Indonesia Palm Oil Association (Gapki) showed on Wednesday.
Indonesia, the world’s largest palm oil producer, exported 2.66 million tonnes of palm oil, including refined products, in May, jumping nearly 50% compared to April, as a result of rising demand from India and China.
Outbound palm oil shipments rose 35.64% annually.
Crude palm oil output stood at 4.17 million tonnes in May, down from 4.48 million tonnes in the previous month, but up 7.2% annually.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Missed BLACK SEA GRAIN? Get Full Access to Conference Insights!
India urged to block GM imports from the US amid trade talks
Land reclamation is a strategic investment for sustainable agricultural production
Rapeseed oil exports from Ukraine grew 30 times in terms of revenue
Brazil needs $148 bln to close grain storage gap
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon