Despite Being a Regular Buyer, India Did Not Receive Indonesian CPO in May 2022
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The Indonesian government banned crude palm oil (CPO) exports from April 28 to May 22, 2022.
This export ban severely impacted many countries. India, usually the largest importer, received no Indonesian CPO at all in May 2022.
According to data from the Central Statistics Agency (BPS), Indonesia exported US$376.6 million worth of CPO to India in April 2022. However, in May 2022, the export value was zero.
Neighboring Pakistan, which imported US$222.8 million worth of CPO from Indonesia in April 2022, saw its purchases plummet by 90.17% to just US$21.9 million in May 2022.
The United States, which imported US$148.9 million worth of CPO from Indonesia in April 2022, received only US$46.7 million in May 2022.
Meanwhile, Malaysia imported US$24.3 million worth of CPO in May 2022, down 80.88% from the previous month.
"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."
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