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Less palm oil from Indonesia

Less palm oil from Indonesia

Supply of palm oil from Indonesia - the world's largest producer, fell in February by a quarter.

The immediate cause of this phenomenon is the fact that oil is no longer perceived by China.

February data showed that supplies to China fell by 50 percent to 98 980 tonnes in February. Slowing in the palm oil export is visible also in relations with Malaysia, which is the second largest recipient of Indonesian palm oil. 

In connection with a difficult situation in Indonesia may extend the zero tax on the exports of palm oil. April's gas supplies are valued at less than $ 750 per tonne.