Energy Markets
The March palm oil exports of Indonesia have decreased due to rising local demand
The exports of crude palm oil and refined palm oils from Indonesia fell by nearly 2% between February and March, as the local consumption increased due to Ramadan. However, shipments for March were the highest they have been in the last four years. The lower stocks will be supported by the higher exports from Indonesia this year, the largest producer of tropical oil in the world. Prices that were trading at premiums for the past few months have now started to trade at a discount. The statistics bureau reported that Indonesia exported 2,002 tons of crude palm oil and refined...