Indonesia palm oil September export slump 32% as shipments to key markets dwindle amid high prices inflated by hefty taxes | GAPKI Sept data table Canva

A sharp plunge in exports and lacklustre production boosted Indonesian September ending stocks to 3.649 million tons or up 6.29% from August—latest GAPKI data showed. Indonesia’s exports slumped 32.48% to 4.27 million tons from a month ago after shipments to major destinations plunged amid soaring prices inflated by taxes and levy to US$341 on CPO product from US$268 in August.

Shipments to key market India fell…