GAPKI sees ’17 Indonesia palm oil export to India unchanged at 5.7 million tonne.

Indonesia palm oil exports to India in 2017 are estimated to be around 5.7 million tonne, largely unchanged from last year, despite a recent duty hike on import of palm oil in India. Prior to the duty hike in India, exports were good to the country. In Jan-Jun, Indonesia exported 3.4 million tonne palm oil to India. India doubled the import duty on crude palm oil to 15%. Market participants said Indonesia palm oil output is seen rising to 35.5 million tonne this year from 32.5 million tonne in 2016.