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<\/a><\/p>\nThe Indonesian Palm Oil Association (Gapki) Executive Director Mukti Sardjono said that the exports in May was the highest-ever monthly exports during the history of Indonesian palm oil trading. The huge achievement was supported by the very high prices of palm oil at the average of US$1,241 per ton cif Roterdam during May 2021, which was the highest monthly average price during the last 10 years.<\/p>\n
\u201cThe palm oil exports\u2019 value reached 18.5 percent of the total national monthly exports in May at US$16.60 billion, enabling the trade balance to reach a monthly surplus at more than US$2.37 billion,\u201d Mukti said in a press release on Tuesday, 27 July 2021.<\/p>\n
He pointed out that the increase of the export value was also supported by the increase of export volume to 2.952 million tons or an increase of 12 percent from the previous month. The largest export increase was seen in the processed CPO products by 432,000 tons to 2.31 million tons and processed PKO products by 31,000 tons to 119,000 tons. The exports of CPO and crude PKO dropped by 119,000 tons or around 40 percent.<\/p>\n
Based on Gapki data, in terms of country destination, the largest export increase was seen to Pakistan by 138,000 tons to 265,500 tons, to Africa (excluded Egypt) by 103,600 tons to 243,200 tons, to Middle East (excluded Egypt) by 75,100 tons to 154,720 tons. The palm oil exports to Egypt dropped by 15,800 tons to 77,000 tons. The biggest drop was seen to China by 157,600 tons to 467,300 tons and to India by 83,700 tons to 213,900 tons.<\/p>\n
Domestic consumption increased by 55,000 tons to 1.645 million tons or 3.5 percent. \u201cThe consumption for foods rose by 2.8 percent to 842,000 tons as compared to previous month, for \u00a0oleo-chemical increased by 8.6 percent to 176,000 tons and for biodiesel dropped by 0.32 percent to 627,000 tons,\u201d said Mukti.<\/p>\n
He further said that the palm oil production in May reached 4.354 million tons, consisting of CPO at 3.966 million tons and PKO at 388,000 tons. That means the total increase of CPO and PKO production was 257,000 tons or an increase of 6.0 percent if compared to the production in April at 4.097 million tons.<\/p>\n
According to Mukti, the production increase was lower than the increase of exports and local consumption at 353,000 tons, causing the stock in May to drop to 2.884 million tons. “The low stock of palm oil and other main vegetable oils became one of the factors causing the high prices of vegetable oils,” he said. (*)<\/p>\n
Source: kumparan.com | Featured image via indonesia-investments.com<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
JAKARTA — The Indonesian palm oil exports set an all-time record, reaching US$3.06 billion or around Rp44 trillion (Rp14,000 per US dollar) in May 2021.<\/p>\n","protected":false},"author":1,"featured_media":20138,"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-20466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\n
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The record achievement was supported by the very high average price during May at\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\/06\/palmoil___bmel.de_.jpg?fit=887%2C485&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil___bmel.de_.jpg?fit=887%2C485&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil___bmel.de_.jpg?fit=887%2C485&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil___bmel.de_.jpg?fit=887%2C485&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19427,"url":"https:\/\/gapki.id\/en\/news\/2020\/11\/18\/palm-oil-contributes-15-of-indonesian-exports\/","url_meta":{"origin":20466,"position":1},"title":"Palm Oil Contributes 15% Of Indonesian Exports","author":"admin","date":"November 18, 2020","format":false,"excerpt":"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. During the third quarter of 2020, the price of crude palm oil (CPO) reached US$666 per ton.\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\/earth.org_palmoil_contribute.jpg?fit=1024%2C683&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/earth.org_palmoil_contribute.jpg?fit=1024%2C683&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/earth.org_palmoil_contribute.jpg?fit=1024%2C683&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/earth.org_palmoil_contribute.jpg?fit=1024%2C683&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":19956,"url":"https:\/\/gapki.id\/en\/news\/2021\/03\/26\/ri-sees-strong-growth-of-palm-oil-exports-despite-pandemic\/","url_meta":{"origin":20466,"position":2},"title":"RI Sees Strong Growth Of Palm Oil Exports Despite Pandemic","author":"admin","date":"March 26, 2021","format":false,"excerpt":"Jakarta -- Indonesian palm oil producers have recorded higher export sale value in 2020 amid the global coronavirus pandemic than in the previous year thanks to stronger global prices. The country\u2019s palm oil exports were valued at US$22.97 billion last year, in comparison to US$20.22 billion in 2019, according to\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\/indiaclimatedialogue.net_palmoil_fruit.jpg?fit=680%2C390&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/indiaclimatedialogue.net_palmoil_fruit.jpg?fit=680%2C390&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/11\/indiaclimatedialogue.net_palmoil_fruit.jpg?fit=680%2C390&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":26044,"url":"https:\/\/gapki.id\/en\/news\/2021\/06\/11\/palm-oil-remains-shining-despite-pandemic\/","url_meta":{"origin":20466,"position":3},"title":"Palm Oil Remains Shining Despite Pandemic","author":"admin","date":"June 11, 2021","format":false,"excerpt":"JAKARTA \u2013 Amid pressures resulted from the outbreak of Covid-19 pandemic, Indonesia\u2019s palm oil industry can still perform well and significantly contribute to the national economy. The Covid-19 pandemic is still running rampant, impacting the global economy and Indonesian economy. But after seeing recession with minus growth last year, the\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\/06\/palmoil_shining_jakpost.net_.jpg?fit=889%2C476&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil_shining_jakpost.net_.jpg?fit=889%2C476&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil_shining_jakpost.net_.jpg?fit=889%2C476&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil_shining_jakpost.net_.jpg?fit=889%2C476&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":22345,"url":"https:\/\/gapki.id\/en\/news\/2022\/11\/22\/palm-oil-exports-drop-stock-stagnant\/","url_meta":{"origin":20466,"position":4},"title":"Palm Oil Exports Drop, Stock Stagnant","author":"admin","date":"November 22, 2022","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) Palm Oil Export Drop, Stock Stagnant The production of crude palm oil (CPO) in September 2022 increased from that in August due to seasonal factor by 16% to 4,545 thousand tons and palm kernel oil (PKO) to 442 thousand tons, making up 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\/2022\/09\/palmoil_theborneopost.com_.jpg?fit=842%2C508&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_theborneopost.com_.jpg?fit=842%2C508&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_theborneopost.com_.jpg?fit=842%2C508&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/palmoil_theborneopost.com_.jpg?fit=842%2C508&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29584,"url":"https:\/\/gapki.id\/en\/news\/2025\/04\/12\/palm-oil-saves-ri-from-deficit-in-trade-balance\/","url_meta":{"origin":20466,"position":5},"title":"Palm Oil Saves RI From Deficit in Trade Balance","author":"admin","date":"April 12, 2025","format":false,"excerpt":"JAKARTA \u2013 The palm oil industries play an important role in Indonesian economy, especially as a major contributor to exports and foreign exchange, and trade balance. The country\u2019s policy of palm oil exports and palm down-streaming has increased its foreign exchange from exports and resulted in trade surplus, especially in\u2026","rel":"","context":"In "Infographics"","block_context":{"text":"Infographics","link":"https:\/\/gapki.id\/en\/news\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/12\/sumatera_kebun_sumatera_Sawit_kebun_sawit.jpg?fit=792%2C517&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/12\/sumatera_kebun_sumatera_Sawit_kebun_sawit.jpg?fit=792%2C517&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/12\/sumatera_kebun_sumatera_Sawit_kebun_sawit.jpg?fit=792%2C517&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/12\/sumatera_kebun_sumatera_Sawit_kebun_sawit.jpg?fit=792%2C517&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\/2021\/05\/cpo_export_indonesia-investments.com_.jpg?fit=959%2C545&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/20466","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=20466"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/20466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/20138"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=20466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=20466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=20466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}