Indonesian palm oil exports to fall for the first time in five years

In Indonesia, palm oil exports will fall for the first time in five years thanks to increased demand from the country’s B20 policy. Exports could be down as much as 9% from 2015 to around 24 million metric tons, a move that could help to support palm oil prices that are suffering at near $570 per ton and push them closer to $600. Overall production for 2016 is seen at 35 million tons, higher than the 33 million tons previously estimated.