MUMBAI (Commoditiescontrol) - Indonesia exported 257 lakh tonnes of palm oil in 2016, down from 262 lakh tonnes in the previous year, the head of the country's estate crop fund said on Tuesday.
"The main factor behind the drop in exports is because our own production has declined," said Bayu Krisnamurthi, president director of the Indonesia Estate Crop Fund.
Indonesia is the world's largest producer of palm oil.
Consumption of subsidised unblended biodiesel surpassed a target of 25 lakh tonnes to hit 27 lakh tonnes in 2016, Krisnamurthi added.
(By Commoditiescontrol Bureau; +91-22-40015516)
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