Indonesia reduced the volume of palm oil sales to the European Union in the period from July 1 to November 26 this year. According to the European Commission, supplies to the EU fell by almost 20% – from 558.5 thousand tons (36.8% share) to 463.3 thousand tons (33%). At the same time, the country still remains the largest exporter of “palm” to Europe.
At the second position of the ranking is Malaysia, which, on the contrary, increased shipments by 8% – almost from 301 thousand tons (19.9%) to 324.8 thousand tons (23.1%).
Guatemala follows, with local exporters sending 214,800 tons (15.3%) to the EU compared to 277,400 tons (18.3%) in the same period last year.
Honduras and Papua New Guinea are also among the key buyers – they sold 130.3 thousand tons (9.3%) and 99.8 thousand tons (6.2%) of palm oil to the bloc’s countries, respectively.
Source: Oleoscope