Indonesian palm oil output pressured by weak global economic growth

KUALA LUMPUR -- Sluggish economic growth in key palm oil buyers including China is expected to weigh on demand for the commodity in major suppliers such as Indonesia, which are already facing lower exports, experts said at an industry conference.

Fadhil Hasan, head of the foreign affairs division of the Indonesian Palm Oil Association (GAPKI), said demand from key buyers of palm oil from Indonesia -- the world's largest producer -- is expected to be lower this year as their growth weakens. Besides China, Hasan pointed to the European Union, India and the U.S.