Fitri Wulandari Palm oil exports from Indonesia, the world’s biggest producer of the vegetable oil, rose by 35% in July from the previous month, according to data from the Indonesian Palm Oil Association.
Indonesia shipped 2.74 million tonnes of the dark-brown oil in July, up from 2.02 million tonnes in June. But the July’s exports dropped by 12.38% from a year ago at 3.13 million tonnes, according to data released on Thursday, 9 September.
Exports for this year until July also fell by 0.6% compared with the same period last year, the association said.
Exports to Europe jump the highest
Shipments to European Union recorded the highest increase, followed by deliveries to India, Pakistan and China.
Crude palm oil output in Indonesia fell by 9.5% in July to 4.05 million tonnes, from 4.48 million tonnes in June due to seasonal decline.
However, production for the full-year 2021 is expected to be on the upward trend. The country’s palm oil output this year until July increased by 4.6% year-on-year.
