Indonesia’s palm oil exports fell to 2.17m tons in Feb., from 2.81m tons in Jan., according to the Indonesian Palm Oil Association (Gapki).
- Export volume tends to decline due to unfavorable economic growth of importing countries and increasing supply of other vegetable oils, Chairman Eddy Martono says in briefing on Tuesday
- Palm oil output fell to 4.25m tons vs. 4.63m tons in Jan.
- Palm oil stockpiles rose to 3.26m tons, from revised 3.03m tons in Jan.
- Palm oil domestic consumption fell to 1.86m tons, from 1.94m tons in Jan.
- Palm oil for biodiesel domestic consumption fell to 920,000 tons, from 956,000 tons in Jan.