Indonesia exported 25.7 million tons of crude palm oil (CPO) in full-year 2016, a 1.9% year-on-year (y/y), declined from 26.2 million tons of CPO shipments in the preceding year, according to the data supplied by the Indonesian Oil Palm Estate Fund (BPDP-KS). In terms of value, however, Indonesia’s CPO exports actually surged 8% (y/y) to US$17.8 billion in 2016. Indonesia is the world’s largest exporter and producer of palm oil, followed by Malaysia. The rebound in CPO prices, coupled with the diversification of CPO products (creative industry) would boost CPO export this year.
To subscribe please click here