Indonesia issued export licenses for a total of 275,454 tonnes of palm oil products between the end of May, when it allowed exports to resume, and this Friday (3), said Oke Nurwan, a senior official at the Ministry of Commerce. .
Licenses were granted to 21 companies, mostly for refined, bleached and deodorized (RBD) palm oil and olein, he said.
The export allocation increased from the previous day’s total of 179,464 tonnes.
Indonesia, the world’s largest palm oil producer, had imposed an export ban on the vegetable oil on April 28.
The measure was lifted on May 23, but the country has established a policy requiring producers to sell some of their products locally in order to obtain export licenses.
While markets have been relieved by the rebound, shipments have been sluggish, which has kept Malaysian palm oil benchmark prices high, traders say.
Indonesian officials said the country intended to allocate 1 million tonnes for exports based on domestic sales during the export ban, but did not specify a timeframe.
Indonesia normally exports 2.5 million tonnes of palm oil products a month and the tanks at palm oil factories were still close to capacity as the country enters its second month of reduced exports, said Eddy Martono, secretary of state. -General Association of Indonesia Palm Oi (GAPKI).
“Because of this, several palm oil factories stopped receiving palm oil fruits from farmers,” said Eddy.
Source: CNN Brasil
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