Indonesia's crude palm oil (CPO) exports in 2016 decreased by 32.16% to 5.28 million tons compared to the previous year. Similarly, the value dropped by 24.67% to US$3.3 billion.
Of the total volume, 1.39 million tons (26.39%) were shipped to Europe, valued at US$1.8 billion. Exports of this commodity (HS code 15111000) also fell by 42.39% year-on-year. CPO exports to Asian markets decreased by 27.3%, and to Africa by 25.64% compared to the previous year. Meanwhile, palm oil exports from January to November 2017 reached 6.45 million tons, valued at US$4.29 billion.
For information, Indonesian palm oil products face discrimination in the European Union market. Earlier this year, the European Parliament banned CPO as a biodiesel blend component.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy,
but please note that automated translations may contain errors or slight inconsistencies."