Indonesia's palm, palm kernel oil exports drop in April

Malaysian palm oil futures saw their sharpest fall in seven weeks on Friday evening, weighed down by weak export demand and losses in related edible oils on the U.S. Chicago Board of Trade and China's Dalian Commodity Exchange.

JAKARTA: Indonesia's shipment of palm oil and palm kernel oil dropped 7 percent to 2.39 million tonnes in April from a year earlier, the Indonesian Palm Oil Association (GAPKI) said on Wednesday.

"This is an unusual phenomenon, because usually prior to Ramadan, palm oil demand from India increases, but not in this year," it said in a statement, pointing to higher import duty in India.