{"id":20080,"date":"2021-04-23T14:59:57","date_gmt":"2021-04-23T07:59:57","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=20080"},"modified":"2021-04-23T14:59:57","modified_gmt":"2021-04-23T07:59:57","slug":"production-remains-low-palm-oil-price-stays-high","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2021\/04\/23\/production-remains-low-palm-oil-price-stays-high\/","title":{"rendered":"Production Remains Low, Palm Oil Price Stays High"},"content":{"rendered":"

\"\"<\/p>\n

Press Release<\/strong>
\nIndonesian Palm Oil Association (IPOA)<\/strong><\/p>\n

PRODU<\/strong>CTION REMAINS LOW<\/strong>, <\/strong>PALM OIL PRICE STAYS HIGH<\/strong><\/p>\n

<\/p>\n

The average price of palm oil in February 2021 reached US$ 1,085\/ton CIF Rotterdam, which was higher by\u00a0 US$ 60 than the price in January when it reached the highest level during the last 6 years.\u00a0 The high price was resulted from the low production\u00a0 of vegetable oils and the increase of biodiesel production as a result of the commitments of several\u00a0 governments, which include Indonesia, USA, Brazil \u00a0and Germany, to continually implement the program of using biodiesel. The Oil World predicted that global production of biodiesel in 2021 will reach 47.5 million tons, which is higher by 2.2 million tons than that in 2020 and 1.5 million tons higher than that in 2019.<\/p>\n

Due to the high price, many importing countries decided to hold their purchases that had resulted in the drop of exports.<\/p>\n

Indonesia\u2019s exports of palm oil in February 2021 were predicted at around 1,994 thousand tons, which were 867 thousand tons (-30%) lower than that at the previous month. So was the palm oil export value, which was predicted at around US$ 2.0 million or US$ 600 million (-23%) lower than that of the previous month.<\/p>\n

Palm oil production in February also saw a decrease at around 10% from that in January due to seasonal factor, while compared to that in 2020, the production in February 2021 was lower 6% than that in February 2020.<\/p>\n

Unlike the exports, domestic consumption in February 2021 increased by 5.5% to 1,600 thousand tons if compared to that in January. The consumption for foods rose by 4.2% to 795 thousand tons, for biodiesel rose by 9.6% to 631 thousand tons, while for oleochemical dropped by 2.2% to 174 thousand tons. The increase of domestic consumption was caused by the easing of the large scale social restrictions (PSBB) implementation.<\/p>\n

Jakarta,\u00a016 April 2021<\/strong>
\nIndonesian Palm Oil Association (IPOA)<\/strong><\/p>\n

For further information, please contact:<\/em><\/p>\n

Mukti Sardjono<\/strong>
\nExecutive Director GAPKI<\/strong>
\nPhone\/Fax:<\/strong>
\n021-57943871<\/strong>
\nFax. 021-57943872<\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Press Release Indonesian Palm Oil Association (IPOA) PRODUCTION REMAINS LOW, PALM OIL PRICE STAYS HIGH<\/p>\n","protected":false},"author":1,"featured_media":19112,"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":[3710,3713,3708],"tags":[],"class_list":["post-20080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info-activity","category-press-release","category-publication"],"yoast_head":"\nProduction Remains Low, Palm Oil Price Stays High - 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Gapki Executive Director Mukti Sardjono said that the average price\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\/11\/goldenagri.com_.sg_bioenergy_palmoil.jpg?fit=1024%2C599&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/goldenagri.com_.sg_bioenergy_palmoil.jpg?fit=1024%2C599&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/goldenagri.com_.sg_bioenergy_palmoil.jpg?fit=1024%2C599&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/goldenagri.com_.sg_bioenergy_palmoil.jpg?fit=1024%2C599&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20866,"url":"https:\/\/gapki.id\/en\/news\/2021\/11\/11\/production-low-palm-oil-price-stays-high\/","url_meta":{"origin":20080,"position":1},"title":"Production Low, Palm Oil Price Stays High","author":"admin","date":"November 11, 2021","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PRODUCTION LOW, PALM OIL PRICE STAYS HIGH The exports of palm oil products in September 2021 dropped to 2.886 million tons after rising to 4.274 million tons in August 2021. The export value of palm oil products also decreased to US$3.111 billion from\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\/palmoil_oil_asianagri.com_.jpg?fit=800%2C463&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/palmoil_oil_asianagri.com_.jpg?fit=800%2C463&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/palmoil_oil_asianagri.com_.jpg?fit=800%2C463&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/palmoil_oil_asianagri.com_.jpg?fit=800%2C463&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20276,"url":"https:\/\/gapki.id\/en\/news\/2021\/06\/22\/price-stays-high-production-lags\/","url_meta":{"origin":20080,"position":2},"title":"Price Stays High, Production Lags","author":"admin","date":"June 22, 2021","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PRICE STAYS HIGH, PRODUCTION LAGS The exports of palm oil (CPO+PKO) in April 2021 reached 2.636 million tons, or a decrease of around 595 thousand tons (-18%) from the exports in March at 3.232 million tons. The export dropped because Indonesia\u2019s palm oil\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\/2021\/04\/cpo_merdeka.com_.jpg?fit=768%2C428&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/04\/cpo_merdeka.com_.jpg?fit=768%2C428&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/04\/cpo_merdeka.com_.jpg?fit=768%2C428&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/04\/cpo_merdeka.com_.jpg?fit=768%2C428&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26111,"url":"https:\/\/gapki.id\/en\/news\/2022\/01\/29\/palm-oil-performance-in-2021-and-prospect-in-2022\/","url_meta":{"origin":20080,"position":3},"title":"Palm Oil Performance In 2021 And Prospect In 2022","author":"admin","date":"January 29, 2022","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PALM OIL PERFORMANCE IN 2021 AND PROSPECT IN 2022 PERFORMANCE 2021 The year 2021 stands as a recovery year from Covid-19 pandemic as demand for palm oil saw a rising tendency, but production was relatively stagnant due to various factors, such as weather,\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\/02\/kinerja2020_bisnis.com_.jpg?fit=1185%2C613&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/02\/kinerja2020_bisnis.com_.jpg?fit=1185%2C613&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/02\/kinerja2020_bisnis.com_.jpg?fit=1185%2C613&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/02\/kinerja2020_bisnis.com_.jpg?fit=1185%2C613&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/02\/kinerja2020_bisnis.com_.jpg?fit=1185%2C613&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":21943,"url":"https:\/\/gapki.id\/en\/news\/2022\/09\/08\/b40-program-hoped-to-lift-up-ffb-price\/","url_meta":{"origin":20080,"position":4},"title":"B40 Program Hoped To Lift Up FFB Price","author":"admin","date":"September 8, 2022","format":false,"excerpt":"Jakarta \u2013 The Indonesian Palm Oil Association (GAPKI) has predicted that palm oil supply for biodiesel production will increase as the government will upgrade its biodiesel program to the production of biodiesel 40 percent (B40). But the association also ensures that it will stay consistent in supplying crude palm oil\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\/2023\/01\/biosolar_spbu.png?fit=935%2C607&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/biosolar_spbu.png?fit=935%2C607&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/biosolar_spbu.png?fit=935%2C607&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/biosolar_spbu.png?fit=935%2C607&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20111,"url":"https:\/\/gapki.id\/en\/news\/2021\/05\/02\/production-starts-rising-but-stock-still-tight\/","url_meta":{"origin":20080,"position":5},"title":"Production Starts Rising, But Stock Still Tight","author":"admin","date":"May 2, 2021","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PRODUCTION STARTS RISING, BUT STOCK STILL TIGHT The average price of palm oil during March 2021 reached US$ 1,116\/ton CIF Rotterdam, which was higher by US$ 21 (1.9%) from that in February. The price increase was caused by the many changes in predictions\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\/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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/09\/palm-oil_campaign_negatif.jpg?fit=820%2C525&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/20080","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=20080"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/20080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/19112"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=20080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=20080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=20080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}