Jakarta/Mumbai, Nov 2025 – Indonesian suppliers have postponed at least 310,000 metric tons of palm oil shipments from November to December, betting that falling prices could lead to an export tax cut of over $50/ton next month.

Key points:

• The deferred volume represents about 12% of typical monthly exports. Shipments are now expected in the first week of December, boosting domestic stockpiles.
• Indonesia exports roughly 2.5 million tons of palm oil monthly. Higher December exports could support Bursa Malaysia benchmark prices, which recently hit a four-month low.
• The move is aimed at benefiting from the anticipated reduction in December export duties, which fund the country’s mandatory biodiesel program.
• India, the world’s largest palm oil importer, could see imports rise to ~750,000 tons in December from 650,000 tons in November.
• Such large-scale shipment deferrals are rare in the palm oil trade, making this a notable market development.