Commodity News
SunSirs: Indonesia's Palm Oil Exports are Expected to Decline due to Increased Domestic Demand Leading to a Decrease inProduction
September 24 2024 16:10:17 SunSirs (Selena)
Officials from the Indonesian Palm Oil Association (GAPKI) have stated that palm oil exports in Indonesia are expected to decline this year due to an increase in biodiesel blending rates leading to increased domestic consumption and a slight decrease in production.
GAPKI official Fadil Hassan said on Thursday that Indonesia's palm oil exports in 2024 could be 30.2 million tons, a decrease of 2 million tons year-on-year. In the first half of this year, Indonesia's palm oil exports were 15.06 million tons, a year-on-year decrease of 7.6%.
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Related Information
- 2025-06-30 SunSirs: The European Union Imported 870,000 Tons of Palm Oil from Indonesia as of June 22
- 2025-06-27 SunSirs: China Palm Oil Market Fluctuated in June
- 2025-06-25 SunSirs: Commodity Intelligence Today (June 25, 2025)
- 2025-06-23 SunSirs: The Bullish Trend is still Existing, China Palm Oil Market is Fluctuating and Rising
- 2025-06-19 SunSirs: Commodity Intelligence Today (June 19, 2025)
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