Indonesia cuts palm oil exports by 30%

In February, Indonesia witnessed a significant decline in its palm oil exports, with the total volume dropping to 1.59 million tonnes from the previous month's 2.31 million tonnes and the previous year's February figure of 2.39 million tonnes. This downturn encompassed both crude and refined palm oil exports, with January's exports consisting of 153 thousand tons of crude and 1.35 million tons of refined palm oil. Moreover, there was a noticeable decrease in the exports of other processed palm products, such as palm kernel oil and palm kernel meal, highlighting an overall reduction in the international trade of Indonesian palm oil and its derivatives.