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Premier Insight : Indonesia palm oil export expanded in March 2019
Friday, May 17, 2019       09:11 WIB

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Plantation sector: Indonesia palm oil export expanded in March 2019 helped by increasing demand from non-traditional market, South Korea and Japan which increased approximately 60% mom. These offset weaker demand from India, Africa, US and EU, allowing Indonesia palm oil export to reach 2.96mn tons in Mar'19, up slightly by 3% mom. (Bisnis Indonesia).
 Comment: This is positive for Indonesia palm oil sector and we maintain our long term positive view on the sector. We reiterate our Buy recommendations for (TP: Rp12,000) and (TP: Rp1,300). 

Sumber : IPS RESEARCH

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