Riau and North Sumatra represent about 60 percent of output, according to Gapki.
Palm oil output in Indonesia, the world’s largest supplier, will probably climb for the first time since September as yields recover from a seasonal decline. (as CPO Futures traders, you must know it)
According to the median of five industry estimates compiled by Bloomberg:
* Production may increase 11 percent to 2.1 million metric tons in March from the previous month.
* Exports expanded 4.4 percent to 1.65 million tons.
* Inventories were unchanged at 2.1 million tons, the survey showed.
Here it means ... February vs March Palm Oil supply and demand in Indonesia in million tons:
Production : 1.89 vs 2.1 up11%
Export : 1.58 vs 1.65 up 4.4%
End stock: 2.1 vs 2.1 - unchange
(As CPO Futures trader, learn to keep such data in your own record can help you learn the fundamentals and may tell you the trend too.)
Source: The Jakarta Globe.