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Indonesia reduced the export of palm oil
According to Oil World analysts, in October 2016, the palm oil exports from Indonesia fell to 2.17 million tonnes compared to 2.59 million tonnes in the same period a year earlier
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From the specified shipments of crude oil amounted to 0,57 (0,82) million tonnes recycled – 1,6 (1,77) million tons.

The most significant reduction in the supply of products was observed in the direction of Asia – to 1.37 (1,71) million tons. In particular, China has reduced imports of oil to 260 (382) thousand tons and India – up to 561 (676) thousand tonnes, Malaysia – up to 66 (135) thousand tons. In turn, the growth in shipments was observed in Bangladesh – to 107 (74) thousand tons. Also reduced the import of Indonesian palm oil and European Union to 307 (349) thousand tons.

Reasons for the decline in exports was the reduction of its stocks in Indonesia in October by 1.2 million tons per year and the growth of domestic consumption in the food and biodiesel industries.



Translated by service "Yandex.Translation"
Источники: Oilworld
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