Indonesia's 2022 palm oil exports to fall, stocks to rise due to lower shipments, says trade official

AGRA, India, Sept 24 (Reuters): Indonesia's palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the 2022 total will still be lower than last year's 33.7 million tonnes due to earlier restrictions, an industry official told Reuters.

Lower shipments could lift stocks at the world's biggest palm oil producer to around 5 million tonnes by the end of the year from 4.1 million tonnes a year earlier, Fadhil Hasan, head of the trade and promotion division at the Indonesian Palm Oil Association (GAPKI) said on the sidelines of the Globoil conference in Agra, India.