Palm Exports From Top Producer Seen Tumbling Most Since 2014
- Indonesia shipments seen down 22% in January in survey
- Local biodiesel makers boost palm oil purchases for blending
Harvested oil palm fruit is unloaded into a container from a tractor with a mechanized trailer at a plantation in Selangor, Malaysia.
Photographer: Sanjit Das/BloombergThis article is for subscribers only.
Palm oil shipments from Indonesia probably dropped the most in almost two years in January after domestic biodiesel makers increased purchases amid a decline in production.
Exports, including palm and kernel oils, fell 22 percent to 1.97 million metric tons from December, according to the median of 10 estimates from analysts, planters and industry officials. That would be the steepest decline since April 2014, according to data from the Indonesian Palm Oil Association.