Palm Exports by Indonesia in March Jump Most Since ‘08 on China
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Palm oil shipments from Indonesia, the world’s biggest producer, jumped in March by the most for the month in at least seven years as China led a surge in imports of the cooking oil used in food and fuel.
Exports, that include palm and kernel oils, climbed 13.6 percent to 2.03 million metric tons from February, according to the Indonesian Palm Oil Association, known as Gapki, which started publishing the data in 2008. The increase is the first since October and beats the median estimate of 1.8 million tons in a Bloomberg survey.