Indonesia's palm oil inventory in May reached 3.042 million tons, an 18.9% increase month-on-month.

Golden Ten Data Futures, July 15 — According to foreign media reports, data released by the Indonesian Palm Oil Association (GAPKI) on Wednesday shows that Indonesia's palm oil exports in May reached 1.996 million tons, a decrease of 28.12% month-on-month and down 25.1% from 2.664 million tons in the same period last year. In May, crude palm oil production was 4.165 million tons, down 7% from the previous month. Despite the decline in production, due to the decrease in export volume, palm oil inventories as of the end of May stood at 3.042 million tons, an 18.9% increase from the previous month.