Palm Oil Exports From Indonesia Climb to Highest in Five Years
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Palm oil exports from Indonesia, the world’s largest producer, jumped to the highest level in at least five years in February after China and Pakistan boosted purchases to benefit from a slump in prices.
Shipments, including palm and kernel oils, gained 9.1 percent to 2.04 million metric tons from 1.87 million tons in January, according to data from the Indonesian Palm Oil Association e-mailed today. That’s the most in a month at least since 2008, according to the earliest available data from the association compiled by Bloomberg, and it beat the median estimate in a Bloomberg survey of 1.51 million tons.