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Indonesia Palm Oil Exports Surge, But Unlikely to Stem Price Declines
calendar04-06-2012 | linkBiofuels Digest | Share This Post:

04/06/2012 (Biofuels Digest) - In Indonesia, palm oil exports are expected to increase 9% this month, but experts say that the advance is linked to the onset of the Ramadan fasting season, and in general, prices are continuing on a downward trend over concerns that demand in China and the EU will slow due to a global economic weakening. Overall, production of palm oil is expected to reach 25 million tons, with 18 million tons going to the export market.