Indonesia palm oil end-month stock plummets to more than 2 year low in May | FFB harvested

Indonesia’s palm oil end-month stock fell for the seventh successive month in May erasing 7.65% to 2.884 million tons compared to the previous month reaching the lowest in 26 months after exports rebounded rising by 12% to 2.952 million tons. Strong shipment of processed palm products, both liquids and fractions boosted the overall rise. In contrast, CPO exports fell by a sharp 39% weighed down by steep taxes and levies.

Production stepped up gaining 6.27% from April or 9.70% higher from the same last year.

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