![\"\"](\"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2021\/01\/feature-palm-oil-africa_ensia.com_.jpg?resize=767%2C458&ssl=1\")
<\/a><\/p>\nAccording to him, the CPO price is potential to stay around US$ 1,000 per ton, although there is also a possibility to decrease if compared to that of 2021.<\/p>\n
\u201cWe predict the CPO price will stay high. But there is also potential impact to the economy that should be anticipated. For example, if the CPO price increases then its derivative prices will also increase. Moms should anticipate the potential increase of cooking oil price,\u201d Togar said during a public discussion in Jakarta on Thursday, 23 December 2021.<\/p>\n
At the same occasion, the Association of Indonesian Agricultural Economy (Perhepi) Chairman Bustanul Arifin said that during the last year the CPO price was not stable.<\/p>\n
The CPO price spike up to US$ 1,300 per ton was driven by seasonal factors. \u201cThe price in 2022 will stay over US$ 1,000 per ton. \u201cMaybe Indonesia has become the truly market market leader, no longer Rotterdam, despite the fact that it was driven by biofuel production. The CPO price has been also driven by the government policy on biofuel,\u201d said Bustanul.<\/p>\n
Bustanul said that in 2022 palm oil prospects remain bright and CPO production will increase along with the increase of its consumption for foods, industries and biofuel.<\/p>\n
\u201cIn 2022, CPO producers will be facing a new challenge, which is inflation. But overall, the outlook for palm oil industry remains bright in 2022,\u201d he said.<\/p>\n
PT Nusantara Sawit Sejahtera\u2019s Commissioner Robiyanto, who also addressed the public discussion, said that the palm oil prospects have indicated that there is still an opportunity to increase the local consumption of palm oil. \u201cIt is particularly possible for the downstream industry players who have a big potential to grow further,\u201d he said.<\/p>\n
He said that producers have taken the opportunity of price increase since early this year and it is projected to continue during 2022 to support their business expansion through the initial public offering (IPO) at the capital market.<\/p>\n
\u201cIPO target was set at Rp 2 trillion, which will be used to expand palm oil businesses, such as development of mills, intensification and replanting programs,\u201d said Robiyanto. (*)<\/p>\n
Source: tribunnews.com | Featured image via ensia.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"JAKARTA \u2013 \u00a0The Indonesian Palm Oil Association (GAPKI) Deputy Chairman Togar Sitanggang said that the price of crude palm oil (CPO) is predicted to stay high during the year of 2022.<\/p>\n","protected":false},"author":1,"featured_media":19726,"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-21070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info-activity","category-publication","category-recent-news"],"yoast_head":"\n
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The CPO price dropped 1.9% compared to the closing price at the end of trading last week. The price of the Indonesia\u2019s and Malaysia\u2019s\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\/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":26025,"url":"https:\/\/gapki.id\/en\/news\/2020\/12\/17\/cpo-production-predicted-to-rise-by-3-5-next-year\/","url_meta":{"origin":21070,"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":21117,"url":"https:\/\/gapki.id\/en\/news\/2022\/01\/26\/palm-oil-export-projected-to-reach-at-least-us34b-in-2022\/","url_meta":{"origin":21070,"position":2},"title":"Palm oil Export Projected To Reach At Least US$34b In 2022","author":"admin","date":"January 26, 2022","format":false,"excerpt":"JAKARTA \u2013 Indonesia\u2019s palm oil export value this year is projected to reach at least US$ 34 billion, while its export volume is projected at 34.44 million tons. The price of crude palm oil (CPO) in 2022 is estimated at around US$ 1,000 -1,250 per ton (Free On Board\/FOB Indonesia)\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\/2022\/01\/ekspor2022_bpdpks.jpg?fit=1200%2C598&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/01\/ekspor2022_bpdpks.jpg?fit=1200%2C598&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/01\/ekspor2022_bpdpks.jpg?fit=1200%2C598&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/01\/ekspor2022_bpdpks.jpg?fit=1200%2C598&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/01\/ekspor2022_bpdpks.jpg?fit=1200%2C598&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":20438,"url":"https:\/\/gapki.id\/en\/news\/2021\/07\/30\/despite-pandemic-spike-ris-palm-oil-exports-still-normal\/","url_meta":{"origin":21070,"position":3},"title":"Despite Pandemic Spike, RI\u2019s Palm Oil Exports Still Normal","author":"admin","date":"July 30, 2021","format":false,"excerpt":"JAKARTA \u2013 A number of countries have decided to ban the entry of Indonesians into their respective countries due to the sharp increase of Covid-19 cases in the country recently. But despite the fact, such decision has no impact to Indonesia\u2019s exports of palm oil products. The Indonesian 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\/2021\/07\/palmoil_thenewdaily.com_.au_.jpg?fit=943%2C502&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_thenewdaily.com_.au_.jpg?fit=943%2C502&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_thenewdaily.com_.au_.jpg?fit=943%2C502&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_thenewdaily.com_.au_.jpg?fit=943%2C502&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":21070,"position":4},"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":20102,"url":"https:\/\/gapki.id\/en\/news\/2021\/05\/02\/demand-still-vigorous-cpo-price-keeps-rising\/","url_meta":{"origin":21070,"position":5},"title":"Demand Still Vigorous, CPO Price Keeps Rising","author":"admin","date":"May 2, 2021","format":false,"excerpt":"JAKARTA \u2013 The price of crude palm oil (CPO) was growing robustly early this week. But its potential to decline will be growing after the fasting month of Ramadhan. Based on data from the \u00a0Malaysia Palm Oil Futures on Wednesday, 21 April 2021, the price of CPO for July 2021\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\/03\/energy_cpo_akamaized.net_.jpg?fit=650%2C375&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/energy_cpo_akamaized.net_.jpg?fit=650%2C375&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/energy_cpo_akamaized.net_.jpg?fit=650%2C375&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\/2021\/01\/feature-palm-oil-africa_ensia.com_.jpg?fit=767%2C458&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/21070","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=21070"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/21070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/19726"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=21070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=21070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=21070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}