Palm oil puts pressure on
Indonesian warehouses are groaning under high palm oil stocks. In order to accelerate the shipments, the export duty has now been set completely to zero up to and including the end of August. So far, just 34-35% of what was shipped overseas in the same period last year has been exported. The need for action became clear when palm oil prices on local spot markets plummeted by 15-16% within a few hours, according to market players.
Experts then appealed to the Indian government to take appropriate measures to protect Indian