Indonesia 2016 Palm Oil Exports Fall to 25.7m Tons

Indonesia exported 25.7 million metric tons of palm oil in 2016, down from 26.2 million metric tons in the previous year, the head of the country's estate crop fund said on Tuesday (10/01). (Antara Photo/Wahdi Septiawan)

By : Bernadette Christina Munthe | on 3:20 PM January 10, 2017
Category : Business, Commodities

Jakarta. Indonesia exported 25.7 million metric tons of palm oil in 2016, down from 26.2 million metric tons in the previous year, the head of the country's estate crop fund said on Tuesday (10/01).

"The main factor behind the drop in exports is because our own production has declined," said Bayu Krisnamurthi, president director of the Indonesia Estate Crop Fund.

Indonesia is the world's largest producer of palm oil.

Consumption of subsidized unblended biodiesel surpassed a target of 2.5 million tonnes to hit 2.7 million tonnes in 2016, Bayu added.

Reuters

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