Indonesia’s Palm Oil Exports Reach 2.89 Million Metric Tons in October

Indonesia exported 2.89 million metric tons of palm oil in October, including refined products, according to data released by the country’s palm oil association (GAPKI) on Tuesday.

Key Highlights:
Year-on-Year Comparison:

The export figure reflects a decline from 3.01 million tons in October of the previous year. However, it shows an improvement from a revised 2.26 million tons exported in September.
Production Increase:

In October, Indonesia, the world’s largest palm oil exporter, produced 4.42 million tons of crude palm oil. This marks an increase of approximately 10% compared to the previous month.
Stock Levels:

By the end of October, Indonesia’s palm oil stocks were reported at 2.51 million tons, a decrease from 2.62 million tons at the end of September. This reduction is attributed to rising domestic consumption.

Indonesia’s Palm Oil Exports Reach 2.89 Million Metric Tons in October
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