Indonesia's palm, palm kernel oil exports drop in April

31.05.2018

Indonesia's shipment of palm oil and palm kernel oil dropped 7 percent to 2.39 million tonnes in April from a year earlier, the Indonesian Palm Oil Association (GAPKI) said on Wednesday.

"This is an unusual phenomenon, because usually prior to Ramadan, palm oil demand from India increases, but not in this year," it said in a statement, pointing to higher import duty in India.

Year-on-year, January-April exports to India declined 24 percent to 1.8 million tonnes from 2.37 million tonnes in 2017.

In January-April, exports to the European Union also declined 16 percent from a year earlier due to a negative campaign and stocks of rapeseed, it said.

Indonesia's palm oil stocks stood at 3.97 million tonnes by the end of April, the group added, compared to 3.65 million tonnes by end-March.


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