JAKARTA: Indonesia's palm oil inventory rose 50 per cent on the month to reach 3.04 million metric tons by the end of April, its highest rate since May last year following a decline in exports, data from Indonesia's palm oil association GAPKI showed on Tuesday.
Exports fell by 38.14 per cent month-on-month in April from 2.18 million tons to 1.78 million tons.
The drop in exports was due to a decline in demand from European Union, India, United States, Pakistan and Bangladesh.
Crude palm oil output in April was 4.48 million tons, up from 4.39 million tons in March.
