KONTAN.CO.ID - SINGAPORE. Indonesia's palm oil exports and production in 2021 are both likely to fall for a second straight year, the vice chairman of the country's palm oil association (GAPKI) said on Tuesday. The expected decline at the world's top producer is due to a sharp drop of crude palm oil exports and output issues stemming from less fertiliser use and poor plantation upkeep. Total palm oil exports are expected to fall for a second year by 0.34% in 2021 from a year earlier, GAPKI vice chairman Togar Sitanggang told a virtual conference.
Indonesia 2021 palm oil exports, output to fall for second year - association
KONTAN.CO.ID - SINGAPORE. Indonesia's palm oil exports and production in 2021 are both likely to fall for a second straight year, the vice chairman of the country's palm oil association (GAPKI) said on Tuesday. The expected decline at the world's top producer is due to a sharp drop of crude palm oil exports and output issues stemming from less fertiliser use and poor plantation upkeep. Total palm oil exports are expected to fall for a second year by 0.34% in 2021 from a year earlier, GAPKI vice chairman Togar Sitanggang told a virtual conference.