date:Feb 24, 2014
Indonesia's palm oil exports dropped 23 percent in January from the previous month to 1.57 million tonnes due to declining demand in India and Pakistan, said the Indonesian Palm Oil Association on Friday. Exports to India in January reached 261,400 tonnes, down 54 percent from December, after the South Asian country increased its import duties on refined oil to 10 percent from 7.5 percent, the industry group said.
Indonesia's exports to Pakistan dropped 42 percent to 67,900 tonnes, while shipm