REPUBLIKA.CO.ID, YOGYAKARTA -- Indonesia begins to cut exports of crude palm oil (CPO) on shrinking production and growing domestic requirement to feed the country's bio-diesel industry.
The weather phenomenon El Nino has resulted in a decline in the country's production of palm oil.
The country's production of palm oil fell 6.4 percent to 2.31 million tons in March from 2.47 million tons in February.
The decline in production forced the government to give more attention to maintaining stability in domestic supply and stocks.