2023-01-25 06:52:37
Indonesia's 2022 palm oil exports fell 8.5%, output sluggish
Channel NewsAsia
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JAKARTA :Indonesia's palm oil exports fell 8.5 per cent last year because of a volatile regulatory environment and sluggish output that is expected to continue this year, the Indonesia Palm Oil Association (GAPKI) said on Wednesday.
The world's top palm oil producer exported 30.8 million tonnes of palm oil product in 2022, down from 33.7 million tonnes a year earlier.
To control soaring prices of domestic cooking oil last year, the government implemented various changes in palm oil export policy, including a three-week export ban starting in late April.
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