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Indonesian palm oil production to rise in 2022 – forecast

The Indonesian Palm Oil:Association (GAPKI) forecasts that in 2022 the palm oil production in the country will grow to 48 million tons compared to 46.9 million tons a year earlier, Reuters reports.

At the same time, exports of products for the year may decrease by 11.5% – up to 29.8 million tons.

Thus, the stocks of palm oil in the country as of the end of this year are expected to increase to 7 million tons.

 

 

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