Bunches of freshly harvested palm fruits on the ground at a plantation in Deli Serdang, North Sumatra, Indonesia. Photo: EPA-EFE
Bunches of freshly harvested palm fruits on the ground at a plantation in Deli Serdang, North Sumatra, Indonesia. Photo: EPA-EFE
Indonesia

Indonesia must resume palm oil exports quickly or farmers are doomed and industry will grind to a halt, warns top analyst

  • Combination of record stocks, full storage tanks, boom cycle in production, poor demand, and restricted exports spell disaster, said industry expert
  • Indonesia reopened exports of crude palm oil and derivatives from May 23 but inventories had already reached historical highs surpassing seven million tonnes

Bunches of freshly harvested palm fruits on the ground at a plantation in Deli Serdang, North Sumatra, Indonesia. Photo: EPA-EFE
Bunches of freshly harvested palm fruits on the ground at a plantation in Deli Serdang, North Sumatra, Indonesia. Photo: EPA-EFE
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