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<\/a><\/p>\nGAPKI Executive Director Mukti Sardjono said on Thursday the total local consumption of palm oil is still positive amid the implementation of the large scale social restriction (PSBB) to stop the spread of Covid-19 pandemic. The rising local demand was mostly driven by the increase of oleo-chemical demand at 31.4 percent as it is used as the raw material to produce a number of health products to help fight the pandemic, and biodiesel demand at 23.2 percent as the government has been consistently implementing the mandatory program of biodiesel 30 percent (B30).<\/p>\n
\u201cCPO price decreased \u00a0from the average \u00a0US$564 per ton in April 2020 to US$526 per ton-Cif Rotterdam in May 2020,\u201d Mukti said in a press release issued on Thursday.<\/p>\n
He said that compared to April 2020, crude palm oil (CPO) production in May dropped by 1.9 percent to 3,616 thousand tons, domestic consumption dropped by 1.6 percent to 1,380 thousand tons, exports decreased by 8.3 percent to 2,428 thousand tons.<\/p>\n
He said that its export value decreased by US$165 million from USD1.64 billion to USD1.47 billion in May. If compared to January-May 2019, production of CPO and PKO during January-May 2020 reached 19,001 thousand tons or a decrease of 14 percent, local consumption reached 7,334 thousand tons or an increase of 3.6 percent, export volume reached 12,736 thousand tons or a decrease of 13.7 percent. But its export value increased from US$7.995 million to USD8.437 million.<\/p>\n
He said that the lower production in May 2020 compared to that of April 2020 was possibly caused by the lingering effect of long dry season in 2019.<\/p>\n
According to him, the decrease of exports was mainly seen in the refined palm oil, which was generally resulted from the price spread between palm oil and soybean. \u201cThe largest export decrease in May was seen in the export to China at 87.7 thousand tons (-21%), to EU at 81.5 thousand tons (-16,62%), to Pakistan at 47 thousand tons (-23,4%) and to India at 38.6 thousand tons (-9,2%).\u201d<\/p>\n
\u201cThe export drop to China was possibly caused by the significant increase of crushing oilseeds (particularly soybean) so that China had a high supply of vegetable oils,\u201d he said.<\/p>\n
But he noted that exports to several other countries increased. Those countries include Egypt which saw an export increase of 42 thousand tons or an increase of 81 percent from its export in April 2020; Ukraine at 31 thousand tons (+99%), Philippines at 29 thousand tons (+73%), Japan at 19 thousand tons (+35%) and to Oman at 15 thousand tons (+85%).<\/p>\n
Mukti said that economic activities in China, India and many other countries have been recovering, so that demands for vegetable oils will increase to meet their local needs for food, health products, biodiesel, personal care products, and other palm oil based products.<\/p>\n
\u201cIndonesian economic activities have also started recovering, so that local demand for palm oil will increase to meet the local needs,\u201d he added. (*)<\/p>\n","protected":false},"excerpt":{"rendered":"
The Indonesian Palm Oil Association (GAPKI) reported that the rising domestic demand can compensate the sluggish exports to several countries which have been affected by the outbreak of Coronavirus Disease 2019 (Covid-19).<\/p>\n","protected":false},"author":1,"featured_media":15994,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3710,3708,3709],"tags":[],"class_list":["post-18849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info-activity","category-publication","category-recent-news"],"yoast_head":"\n
Palm Oil Local Demand Offsets Sluggish Global Market - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"The Indonesian Palm Oil Association (GAPKI) reported that the rising domestic demand can compensate the sluggish exports to several countries which have..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palm Oil Local Demand Offsets Sluggish Global Market - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"og:description\" content=\"The Indonesian Palm Oil Association (GAPKI) reported that the rising domestic demand can compensate the sluggish exports to several countries which have..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-15T12:27:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2020\/01\/muktisardjono_gapki-scaled-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"550\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/gapki.id\/en\/#\/schema\/person\/c2cee368ea6173d53e932e04704efe25\"},\"headline\":\"Palm Oil Local Demand Offsets Sluggish Global Market\",\"datePublished\":\"2020-07-15T12:27:56+00:00\",\"dateModified\":\"2020-07-15T12:27:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/\"},\"wordCount\":490,\"publisher\":{\"@id\":\"https:\/\/gapki.id\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/01\/muktisardjono_gapki-scaled-1.jpg?fit=800%2C550&ssl=1\",\"articleSection\":[\"Info & Activity\",\"Publication\",\"Recent News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/\",\"url\":\"https:\/\/gapki.id\/en\/news\/2020\/07\/15\/palm-oil-local-demand-offsets-sluggish-global-market\/\",\"name\":\"Palm Oil Local Demand Offsets Sluggish Global Market - 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It is seen as a result of the public obligation to comply with the health protocol to prevent the spread of\u2026","rel":"","context":"In "Info & Activity"","block_context":{"text":"Info & Activity","link":"https:\/\/gapki.id\/en\/news\/category\/info-activity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/kanya_lakshmi_sidarta.jpg?fit=1139%2C608&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/kanya_lakshmi_sidarta.jpg?fit=1139%2C608&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/kanya_lakshmi_sidarta.jpg?fit=1139%2C608&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/kanya_lakshmi_sidarta.jpg?fit=1139%2C608&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/kanya_lakshmi_sidarta.jpg?fit=1139%2C608&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":26025,"url":"https:\/\/gapki.id\/en\/news\/2020\/12\/17\/cpo-production-predicted-to-rise-by-3-5-next-year\/","url_meta":{"origin":18849,"position":1},"title":"CPO Production Predicted To Rise By 3.5% Next Year","author":"admin","date":"December 17, 2020","format":false,"excerpt":"Jakarta \u2013 The Indonesian Palm Oil Association (GAPKI) predicted that the production of crude palm oil (CPO) in 2021 will reach 49 million tons, an increase of 3.5 percent from the expected 47.4 million tons this year. GAPKI Vice Chairman III in charge of trade and sustainability, Togar Sitanggang said\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/cpo_palmoilmagazine.jpg?fit=650%2C350&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/cpo_palmoilmagazine.jpg?fit=650%2C350&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/cpo_palmoilmagazine.jpg?fit=650%2C350&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":25761,"url":"https:\/\/gapki.id\/en\/news\/2020\/06\/09\/gapki-indonesia-has-chance-to-win-case-in-wto\/","url_meta":{"origin":18849,"position":2},"title":"GAPKI: Indonesia Has Chance To Win Case In WTO","author":"admin","date":"June 9, 2020","format":false,"excerpt":"The Indonesian Palm Oil Association (Gapki) is optimistic that Indonesia can win a legal case against the European Union\u2019s (EU) palm oil discriminatory policy in the World Trade Organization (WTO). As previously reported, Indonesia, the world\u2019s largest producer of palm oil, will file a lawsuit to the WTO regarding the\u2026","rel":"","context":"In "Info & Activity"","block_context":{"text":"Info & Activity","link":"https:\/\/gapki.id\/en\/news\/category\/info-activity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2019\/11\/joko_supriyono_ipoc.jpg?fit=720%2C415&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2019\/11\/joko_supriyono_ipoc.jpg?fit=720%2C415&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2019\/11\/joko_supriyono_ipoc.jpg?fit=720%2C415&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2019\/11\/joko_supriyono_ipoc.jpg?fit=720%2C415&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20162,"url":"https:\/\/gapki.id\/en\/news\/2021\/05\/24\/ris-palm-oil-exports-consist-of-80-processed-products\/","url_meta":{"origin":18849,"position":3},"title":"RI\u2019s Palm Oil Exports Consist Of 80% Processed Products","author":"admin","date":"May 24, 2021","format":false,"excerpt":"JAKARTA \u2013 The Indonesian Palm Oil Association (Gapki) said that around 80 percent of Indonesia\u2019s palm oil exports are products of downstream palm oil industries and only 20 percent as raw materials or unprocessed crude palm oil (CPO). Gapki Chairman Joko Supriyono said that the processed palm oil products consist\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/02\/william_reed.com_palmoil.jpg?fit=750%2C500&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/02\/william_reed.com_palmoil.jpg?fit=750%2C500&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/02\/william_reed.com_palmoil.jpg?fit=750%2C500&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/02\/william_reed.com_palmoil.jpg?fit=750%2C500&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21532,"url":"https:\/\/gapki.id\/en\/news\/2022\/06\/08\/gapki-5-factors-keep-palm-oil-business-growing\/","url_meta":{"origin":18849,"position":4},"title":"GAPKI: 5 Factors Keep Palm Oil Business Growing","author":"admin","date":"June 8, 2022","format":false,"excerpt":"JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Joko Supriyono said that there are five factors that indicate Indonesian palm oil business still has great prospects to continue growing robustly. First, there is still a big potential to increase domestic consumption. \u201cThe consumption of palm oil is categorized into\u2026","rel":"","context":"In "Info & Activity"","block_context":{"text":"Info & Activity","link":"https:\/\/gapki.id\/en\/news\/category\/info-activity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/06\/palmoil_komitmeniklim.id_.jpg?fit=661%2C453&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/06\/palmoil_komitmeniklim.id_.jpg?fit=661%2C453&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/06\/palmoil_komitmeniklim.id_.jpg?fit=661%2C453&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":18726,"url":"https:\/\/gapki.id\/en\/news\/2020\/06\/22\/traditional-market-starts-recovering-raising-hope\/","url_meta":{"origin":18849,"position":5},"title":"Traditional Market Starts Recovering, Raising Hope","author":"admin","date":"June 22, 2020","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) Traditional Market Starts Recovering, Raising Hope Amid the outbreak of Coronavirus disease 2019 (Covid-19) during the last few months, the oil palm plantations and palm oil mills have been operating normally by implementing the health protection procedures with strict discipline. Production of crude\u2026","rel":"","context":"In "Press Release"","block_context":{"text":"Press Release","link":"https:\/\/gapki.id\/en\/news\/category\/press-release\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/01\/muktisardjono_gapki-scaled-1.jpg?fit=800%2C550&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/18849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=18849"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/18849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/15994"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=18849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=18849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=18849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}