The share of Indonesia in the structure of purchases of palm oil by the European Union began to decline
RBD Palm Oil
Indonesia
Published May 17, 2022
Tridge summary
05/16/2022 From July 1, 2021 to May 8, 2022, the EU countries imported more than 4.14 million tons of palm oil - over 89% of supplies came from five key exporting countries. Such data are provided by analysts of the European Commission in their monitoring. It is noted that Indonesia, which is the main producer of this product, became the main supplier of “palms” to the EU in the reporting period - exports over 10 months amounted to over 1.74 million tons.
Original content
05/16/2022 Between July 1, 2021 and May 8, 2022, EU countries imported more than 4.14 million tons of palm oil - over 89% of the supply comes from five key exporting countries. Such data are provided by analysts of the European Commission in their monitoring. It is noted that Indonesia, which is the main producer of this product, became the main supplier of “palms” to the EU in the reporting period - exports over 10 months amounted to over 1.74 million tons. This is 42.1% of the total number of shipments against 42.5% according to the results of the previous monitoring. Starting April 28, a ban on the export of palm oil came into force in the country, which will remain in effect until further notice from the authorities. The decision concerns crude palm oil, refined, bleached and deodorized palm olein, and used (waste) cooking oil for frying. Malaysia is on the second line in the rating of European Commission experts, having sent more than 940 thousand tons of palm oil to the ...
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