Indonesia Palm Oil output rises to 4.42 MT in April: survey
Commodity Online | May 24 2019
UPDATED 15:08:19 IST

Retail Traders & Investors Squeezed to Buy High-Risk Assets Again

LME starts publishing off-warrant stocks data

Metals extend gains; oil prices trend higher despite increase in inventories

Metals rally as risk aversion takes hold; oil prices steady ahead of inventories report

Saudi Arabia Eyes Total Dominance In Oil And Gas

Palm oil output in top producer Indonesia likely rose to 4.42 million tonnes in April from 3.95 million tonnes in March, according to a survey by Reuters.

Exports of the vegetable oil were estimated at 2.91 million tonnes in April, down slightly compared to those in the previous month. Domestic consumption was estimated at 1.4 million tonnes last month, compared with 1.51 million tonnes in March.

At the end of April, palm oil stocks were pegged at 2.51 million tonnes, compared to 2.40 million tonnes a month earlier.

Data from Indonesia's largest palm oil association GAPKI showed March's exports at 2.78 million tonnes and palm stocks at 2.43 million tonnes at the end of the month.