Indonesia Palm Oil Exports Rise 4.42% MoM in February 2026
March 30, 2026, 4:33 PM
GAPS-Global
84
Guide
Highlights at a glance
Indonesia's palm oil exports rebounded in February 2026, reaching 2.376 million tons—a 4.42% increase from January. The recovery was driven by shifting demand across product types and key markets. While exports of Crude Palm Oil (CPO) saw a modest 1.6% rise, refined palm oil categories diverged sharply: Refined Palm Oil (24°) fell 7.5%, whereas Refined Palm Oil (33°) surged 29%. Geographically, China stood out with a remarkable 34.8% jump in imports, signaling strong demand recovery. The EU also posted a 15.6% increase due to regional vegetable oil shortages. In contrast, exports to India dropped 19.6%, attributed to high global prices and sufficient domestic stocks. This data highlights evolving trade dynamics and market sensitivity to price and supply conditions.
According to data released by the Independent Testing Services (ITS) on March 26, Indonesia's palm oil exports showed a rebound in February 2026. The total export volume reached 2.376 million tons, marking a 4.42% increase compared to the 2.276 million tons shipped in January.
Export Breakdown by Product
The export data reveals a divergence in demand across different processing stages of palm oil:
- Crude Palm Oil (CPO): Exports saw a marginal increase, rising by 1.6% to 282,930 tons (up from 278,475 tons in January).
- Refined Palm Oil (24°): This category faced a decline, dropping by 7.5% to 953,824 tons (down from 1.031 million tons).
- Refined Palm Oil (33°): In contrast, this grade experienced significant growth, surging by 29.0% to 444,606 tons.
Key Export Destinations
Market dynamics shifted notably across major importing regions, with China showing exceptional strength while Indian demand cooled:
- China (Significant Growth): Exports to China were the highlight of the month, skyrocketing by 34.8% to 439,002 tons, indicating a robust recovery in demand.
- European Union (Moderate Growth): Shipments to the EU increased by 15.6% to 276,187 tons, driven by tight vegetable oil supplies in the region.
- India (Decline): Exports to India fell by 19.6% to 650,556 tons. This decrease reflects reduced procurement by Indian refiners due to high global prices and ample domestic inventory.
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