Indonesia's 2022 palm oil exports seen at 34.67 mln tonnes

JAKARTA, Dec 22 (Reuters) - Indonesia's 2022 palm oil

exports are estimated at 34.67 million tonnes, down from last

year's 37.78 million tonnes, partly due to a temporary export

stoppage in April, the chief executive of its palm oil fund

(BPDPKS) said on Thursday. Indonesia's 2022 palm biodiesel consumption is seen at 10.6

million kilolitres, up from last year's 9.29 million kilolitres,

Eddy Abdurrachman said at a media briefing. The gradual easing of Indonesia's export restrictions,

including the so called domestic market obligation, would see

shipments return to normal at around 36 million tonnes to 38

million tonnes in 2023, he said. The world's top palm oil producer in late April imposed an

export ban on crude palm oil and its refined products to try

tame domestic cooking oil prices that were spiraling out of

control, putting pressure on the government to act. The ban, which followed several earlier intervention moves,

rattled markets at a time when concern was growing about

tightening global edible oil supply and the impacts of war on

sunflower oil shipments from the key exporting Black Sea region. Indonesia removed the ban after three weeks in place of a

policy where producers were given an export quota based on their

domestic sales volume, to ensure local supply.

(Reporting by Bernadette Christina Munthe

Additional reporting by Fransiska Nangoy; Editing by Martin

Petty)