Bloomberg News

Indonesia’s 2012 Palm Oil Output, Exports May Rise, Gapki Says

January 04, 2012

Jan. 4 (Bloomberg) -- Indonesia’s palm oil output may rise to 25 million tons this year from an estimated 23.5 million tons in 2011, the nation’s palm oil association known as Gapki said in a statement in Jakarta today.

Exports may gain to 17.5 million tons to 18 million tons from an estimated 16.5 million tons last year, the group said. The price of palm oil may reach $1,000 to $1,200 a metric ton this year, the group said.

To contact the reporter on this story: Eko Listiyorini in Jakarta at elistiyorini@bloomberg.net

To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net


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