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Indonesia: palm oil exports in October increased slightly
According to Oil World analysts (Germany), in October this year, exports of palm oil from Indonesia was on the level of market expectations, amounting to 2.26 million tons compared to 2.16 million tonnes in the same month a year earlier, which brought the total volume of export of this product from the beginning of this year to a record 22.8 million tonnes (+23%)
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Exports of Indonesian palm oil by the end of 2017, experts forecast at 27.3 million tons compared to 23.36 million tons last year. Palm oil production in the country in 2017 is estimated at a record level of 36.5 (32,3) million tons, due to an increasing yield of oil palm and the continued expansion of harvesting areas.

Domestic consumption of palm oil in Indonesia for the year decline slightly - to 9.15 (9,2) million tons, while expected a slight decline in the use of palm oil as feedstock for biofuels and the increase in the food industry.

Photo: mylo-opt.ru



Translated by service "Yandex.Translation"
Источники: АПК-Информ
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