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Palm Oil Shipments From Indonesia Falling to Five-Month Low

Palm oil exports from Indonesia, the world’s largest producer, will probably drop to the lowest level in five months in December as a global economic slowdown curbs demand, according to a Bloomberg survey.

Shipments may fall 3 percent to 1.55 million metric tons from an estimated 1.6 million tons in November, according to the median of estimates from two traders, a plantation executive, refiner and an analyst compiled by Bloomberg. Inventories may remain unchanged at 3 million tons, the survey showed. Production is set to drop to 2.51 million tons from 2.54 million tons, four of the respondents said.