Indonesia palm oil exports surge, but unlikely to stem price declines

June 1, 2012 |

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.

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Category: International

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