*PALM OIL UPDATE* : Indonesia the world’s biggest producer of palm oil, is looking to increase its exports to China, its number 3 market, after India and European Union. As Indonesia, faces a likely increase in duties in India and a biofuel phase-out in the EU, it has welcomed a move by China to remove palm oil from its import tariff quota management. Palm oil producers in Indonesia have cleared vast swaths of rainforest across the archipelago to make way for the plantations, destroying biodiverse habitats and driving rare wildlife to the brink of extinction. The highest demand for palm oil comes from India.