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<\/a><\/p>\nDuring the third quarter of 2020, the price of crude palm oil (CPO) reached US$666 per ton. “Today the price of CPO reached US$855 per ton. It means that despite of many sectors in Indonesia seeing slowdown, the palm oil sector can still contribute positively to the national economy of Indonesia,” GAPKI\u2019s Communication Division Head Tofan Mahdi said during a webinar in Jakarta on Tuesday.<\/p>\n
He said that the performance of Indonesia\u2019s trade balance was not so bad during the Covid-19 pandemic as in September 2020 it saw a surplus of US$13.82 billion, as compared to a deficit of US$2.24 billion during September 2019.<\/p>\n
“Why deficit last year? It\u2019s because the CPO price at that time still low and how the palm oil companies could survive at that time. And this year condition is better than last year, as the CPO price is very good and has contributed a surplus of US$13.82 billion for Indonesia,” he said.<\/p>\n
According to Tofan, until September 2020 the contribution of palm oil exports to Indonesia\u2019s foreign exchange reached US$15 billion. “With the total export value of Indonesia at US$117 billion, of which US$15 billion derived from exports of palm oil, then the palm oil industry contributes between 10-15 percent to the total of Indonesian exports,” he asserted.<\/p>\n
He noted that most of Indonesia\u2019s palm oil exports or around 75% were absorbed by China, India, European Union, and Pakistan.<\/p>\n
He added that despite of global weakening demand due to the outbreak of Covid-19 pandemic, the global demand for palm oil is still relatively high. \u201cI think the positive performance of palm oil industry has prevented Indonesia from seeing a very sharp drop of economic contraction like the ones seen by Singapore and the USA due to the Covid-19 pandemic,\u201d Tofan concluded. (*)<\/p>\n
Source: sindonews.com <\/em>|\u00a0 Image via earth.org<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) reported that despite of the Covid-19 pandemic that has affected almost all economic sectors during 2020, palm oil industry can still achieve a positive growth.<\/p>\n","protected":false},"author":1,"featured_media":19428,"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":[3708,3709],"tags":[],"class_list":["post-19427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\n
Palm Oil Contributes 15% Of Indonesian Exports - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"the palm oil sector can still contribute positively to the national economy of Indonesia," GAPKI\u2019s Communication Division Head Tofan Mahdi..\" \/>\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\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Palm Oil Contributes 15% Of Indonesian Exports - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"og:description\" content=\"the palm oil sector can still contribute positively to the national economy of Indonesia," GAPKI\u2019s Communication Division Head Tofan Mahdi..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gapki.id\/en\/news\/2020\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/\" \/>\n<meta property=\"og:site_name\" content=\"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-18T14:38:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/earth.org_palmoil_contribute.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\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\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/gapki.id\/en\/#\/schema\/person\/c2cee368ea6173d53e932e04704efe25\"},\"headline\":\"Palm Oil Contributes 15% Of Indonesian Exports\",\"datePublished\":\"2020-11-18T14:38:15+00:00\",\"dateModified\":\"2020-11-18T14:38:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/\"},\"wordCount\":340,\"publisher\":{\"@id\":\"https:\/\/gapki.id\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/earth.org_palmoil_contribute.jpg?fit=1024%2C683&ssl=1\",\"articleSection\":[\"Publication\",\"Recent News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2020\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/\",\"url\":\"https:\/\/gapki.id\/en\/news\/2020\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/\",\"name\":\"Palm Oil Contributes 15% Of Indonesian Exports - 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Amid the Covid-19 pandemic that\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\/08\/palm-oil_savior_featured_image.jpg?fit=760%2C378&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/08\/palm-oil_savior_featured_image.jpg?fit=760%2C378&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/08\/palm-oil_savior_featured_image.jpg?fit=760%2C378&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/08\/palm-oil_savior_featured_image.jpg?fit=760%2C378&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26364,"url":"https:\/\/gapki.id\/en\/news\/2023\/08\/22\/china-to-raise-palm-oil-imports-from-ri-to-over-8m-tons\/","url_meta":{"origin":19427,"position":3},"title":"China To Raise Palm Oil Imports From RI To Over 8m Tons","author":"admin","date":"August 22, 2023","format":false,"excerpt":"JAKARTA \u2013 China wants to raise its import of palm oil from Indonesia from 6.0 million tons to 8.0 million tons as its economy has been recovering. The Indonesian Palm Oil Association\u2019s (GAPKI) Chairman Eddy Martono said that there has been a rising trend of palm oil demand from China\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\/dir-site\/uploads\/2023\/08\/From-RI-To-Over-8m-Tons_thesweatypenguin.com_.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/From-RI-To-Over-8m-Tons_thesweatypenguin.com_.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/From-RI-To-Over-8m-Tons_thesweatypenguin.com_.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/From-RI-To-Over-8m-Tons_thesweatypenguin.com_.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":20230,"url":"https:\/\/gapki.id\/en\/news\/2021\/06\/11\/airlangga-confident-palm-oil-to-keep-growing-in-2021\/","url_meta":{"origin":19427,"position":4},"title":"Airlangga Confident Palm oil To Keep Growing In 2021","author":"admin","date":"June 11, 2021","format":false,"excerpt":"JAKARTA \u2013 Economic Coordinating Minister Airlangga Hartarto is confident that the palm oil, which is Indonesia\u2019s top commodity that plays a very significant role in the national economy, will continue to show a robust growth this year despite the lingering outbreak of Covid-19 pandemic across the globe. \"The positive trend\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/05\/palmoil_ambassador_rocketcdn.me_.jpg?fit=793%2C440&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/05\/palmoil_ambassador_rocketcdn.me_.jpg?fit=793%2C440&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/05\/palmoil_ambassador_rocketcdn.me_.jpg?fit=793%2C440&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/05\/palmoil_ambassador_rocketcdn.me_.jpg?fit=793%2C440&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19866,"url":"https:\/\/gapki.id\/en\/news\/2021\/03\/08\/palm-oil-keeps-ris-trade-balance-positive\/","url_meta":{"origin":19427,"position":5},"title":"Palm Oil Keeps RI\u2019s Trade Balance Positive","author":"admin","date":"March 8, 2021","format":false,"excerpt":"JAKARTA \u2013 There is no denying that palm oil has given a very significant contribution to the foreign exchange earnings of Indonesia. It has proven during the Covid-19 pandemic in 2020 when the exports of palm oil contributed the foreign exchange at US$22.97 billion and enabled the country to maintain\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\/09\/hutan_lahan_ekonomi_sawit_produktif.jpg?fit=1022%2C631&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/09\/hutan_lahan_ekonomi_sawit_produktif.jpg?fit=1022%2C631&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/09\/hutan_lahan_ekonomi_sawit_produktif.jpg?fit=1022%2C631&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/09\/hutan_lahan_ekonomi_sawit_produktif.jpg?fit=1022%2C631&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\/11\/earth.org_palmoil_contribute.jpg?fit=1024%2C683&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/19427","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=19427"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/19427\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/19428"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=19427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=19427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=19427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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