Indonesia's export volume of palm oil products in 2024 was 29.54 million tons, down 8.3% from 2023, according to data released by the Indonesian Palm Oil Association on Thursday. As the world's largest exporter of palm oil, Indonesia produced 48.16 million tons of crude palm oil in 2024 and held 2.58 million tons of palm oil inventory at the end of 2024, GAPKI said. Gapki official Hadi Sugeng told reporters that the decline in export volume was due to a 4% drop in production while domestic consumption was still strong, mainly due to the use of biodiesel blends. “The volume of exports has declined year by year, in stark contrast to domestic consumption. At the same time, our production is only average.” he said.

Indonesia's export volume of palm oil products in 2024 was 29.54 million tons, down 8.3% from 2023, according to data released by the Indonesian Palm Oil Association on Thursday. As the world's largest exporter of palm oil, Indonesia produced 48.16 million tons of crude palm oil in 2024 and held 2.58 million tons of palm oil inventory at the end of 2024, GAPKI said. Gapki official Hadi Sugeng told reporters that the decline in export volume was due to a 4% drop in production while domestic consumption was still strong, mainly due to the use of biodiesel blends. “The volume of exports has declined year by year, in stark contrast to domestic consumption. At the same time, our production is only average.” he said.