Indonesia’s September palm oil exports rise

Palm oil
Palm oil

October 15, 2013

Indonesia’s September exports of crude palm oil and its derivatives rose 11 percent to 1.64 million tonnes compared with the previous month, an industry body said on Monday, after late harvests of soybeans in the US and sunflowers in Russia reduced global vegetable oil supplies.

Palm oil output in Indonesia, the world’s top producer of the edible oil, is expected to be about 28 million tonnes this year, with about 18 million tonnes exported. Indonesia’s top customers for include India, China and Europe. During September, exports of crude palm oil and its derivatives to India totalled 431,240 tonnes, while 182,740 tonnes went to China, 260,740 tonnes to Europe Union countries, 53,900 tonnes to Pakistan and 50,100 tonnes to Bangladesh, a statement from the Indonesian Palm Oil Association said. Courtesy: Reuters

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