InfoSAWIT, JAKARTA – In the report of Indonesian Palm Oil Association (IPOA) to InfoSAWIT, Tuesday (2/4/2019), it is noted that some main palm oil export countries, namely, crude palm oil (CPO) significantly decreased their demands compared to the previous month.
It happened in United States of America reaching 48%, Pakistan reaching 41%, China reaching 22%, Africa reaching 16%, and India reaching 14,5%. In the contrary the other countries which exported palm oil, namely CPO and its derivative increased their demands, such as, European Union reaching 27% and Bangladesh reaching 8%.
By the end of February 2019, palm oil stocks in Indonesia reached 2,50 million tons or decreased 17% compared to those in January which were 3,02 million tons. (T2)
