Indonesia's January palm oil exports down 32% y/y -palm oil group

JAKARTA, March 26 (Reuters) - Indonesia, the world's top palm oil producer, exported 2.39 million tonnes of palm oil in January, including refined products, Indonesia Palm Oil Association (GAPKI) data showed on Thursday.

Shipments fell from 3.25 million tonnes in the same month last year and 3.72 million tonnes in December.

January's export drop was due to high stock level in main importing countries. Meanwhile, uncertainties surrounding spread of coronavirus and global energy price are seen to have impacted demand for the vegetable oil, GAPKI said in a statement.

Meanwhile, by the end of January, Indonesia's palm oil stock stood at 4.54 million tonnes. (Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Toby Chopra)