The palm oil sector is taking a cautious stance toward its export outlook as a turbulent global economy and negative sentiment toward the commodity have taken a toll on palm oil prices.  Statistics Indonesia (BPS) said early this week that the drop in global palm oil prices contributed to the country's historic US$2.5 billion trade deficit in April, which was the largest monthly deficit since 2013.  The BPS noted that while crude palm oil (CPO) exports had increased in volume, they lost a lot of value because of price volatility. Its data shows that the country's CPO export value decreased 27.86 percent month-on-month to US$919 million from $1.27 billion in March. “The export value [of CPO] to a few countries improved, such as to China, but the value decreased in other countries like India, Pakistan, Bangladesh and Egypt. It decreased even furth...

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