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
- 2025-12-22 SunSirs: Indonesia Palm Oil Storage Drops by 10% Per Month
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- 2025-12-18 SunSirs: Agricultural Products Industries Bulk Commodity Intelligence (December 18, 2025)
- 2025-12-16 SunSirs: Malaysia’s Palm Oil Exports Decrease by 16% Month on Month
- 2025-12-11 SunSirs: Malaysia's Palm Oil Inventory Increases Significantly, Bearish Prices
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