Palm oil exports to India fall by 34 percent

The number decreased by 2% over the same period last year which reached 15.62%.

Specially for the export volume of crude palm oil, PKO, and its Derivatives in addition to oleochemicals and biodiesel, in the first half of 2018, the figure was down 6%.

That is, from 15.04 million tonnes in the first half of 2017 to 14.16 million tonnes. tons in the same period of 2018.

Mukti Sardjono explains that the performance is less exciting, especially on the Indian market

Exports from the first half to India decreased by significantly, or 34% compared to the same period last year. 19659003] In detail, the figure is 3.74 million tons to 2.50 million tons.

"The erosion of the Indian market is mainly due to India's high import duty on palm oil to protect the domestic refinery industry," said Mukti, Friday (27/7).