Global palm oil exports hit historic highs this summer

decline in palm oil trade volumes in the first half of last season. In particular, Indonesia increased its palm oil exports to 8.9 million tonnes, compared to 6.8 million tonnes in June-August last year, while Malaysia’s exports fell to 3.9 million tonnes (4.4 million tonnes). China was the leading importer of palm oil with 1.66 million tonnes (1.56 million tonnes), followed by India with 2.86 million tonnes (2.48 million tonnes), the EU with 0.95 million tonnes (0.89 million tonnes), Bangladesh with 0.47 million tonnes (0.36 million tonnes), and Pakistan with 1.06 million tonnes (0.94 million tonnes). Analysts also noted increases in palm oil exports to African countries: Egypt increased purchases to 0.42 million tonnes (0.3 million tonnes), and Kenya to 0.45 million tonnes (0.39 million tonnes). According to OleoScope’s previous calculations, Indonesia increased its exports by more than one million tonnes to 25.6 million tonnes for the 2024/25 season, while Malaysia reduced ...