MARKET DEVELOPMENT
Indonesian June Palm Oil Exports At 590,116 MT; Up
Indonesian June Palm Oil Exports At 590,116 MT; Up
KUALA LUMPUR (Dow Jones)--Indonesia's palm oil exports in June totaled590,116 metric tons, down 10% from the 657,628 tons exported in May,traders said Tuesday, citing estimates from cargo surveyor PT Sucofindo.Traders familiar with Sucofindo figures said vegetable oil exports in Junetotaled 668,699 tons compared with 764,382 tons in May.
Crude palm oil exports in June totaled 234,120 tons compared with 303,971tons in May, traders said.
Sucofindo figures aren't expected to have any significant impact on palmoil prices as they are used mainly as a reference by market participants.