What does it mean on $22 Billion on the 21 million MT palm oil export from Indonesia in year 2014? Think about it... here is the news from The Jakarta Globe that CPO futures traders should figure out the meaning of such news which may be important for long term trend for year 2014. Trend is your friend and if the figures tell you the trend, work it out will help you for trading success.
The Indonesian Palm Oil Association (GAPKI) predicts that 2014 exports of crude palm oil are set to reach $22 billion, up 10 percent from last year, due to a surge in demand and selling price, says Director Fadhil Hasan.
The association expects exports volume to be between 21 million metric tons and 22 million metric tons, nearly unchanged from last year’s 21.2 million tons.