Indonesia sees jump in October palm oil exports

Dec 15, 2016Updated May 16, 20251 min read

Indonesia saw the exports of its palm oil products, which include crude palm oil (CPO), biodiesel and oleochemical, increase by 34 percent month-on-month to 2.45 million tons in October, thanks to rising demand from major export destinations.

In September, the world’s largest producer of palm oil shipped 1.89 million tons of products overseas.

Indonesian Palm Oil Producers Association (GAPKI) executive director Fadhil Hasan said exports to India had increased by 31.64 percent month-on-month (mom) in October to 608,510 tons, while exports to China were slightly up by 2.17 percent to 316,450 tons.

Exports to the European Union (EU) market, meanwhile, increased by 75.51 percent mom to 380,150 tons, not long after France revoked their CPO multiple taxes plan.

“The traders took the chance to buy at cheaper prices, as they were anticipating a possible price hike in November amid increasing demand ahead of Christmas and New Year,” Fadhil said in a statement on Wednesday.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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