Free On Board<\/em>\/FOB Indonesia) until the end of first semester 2022. During the period of January \u2013 October 2021, the realization of palm oil export value had already reached US$ 29.53 billion.<\/p>\nThe Indonesian Palm Oil Association (GAPKI) projected that palm oil production in 2022 will reach 52.56 million tons. Domestic consumption will reach 20.1 million tons, or a growth of 7.13% from the projection in 2021 at 18.76 million tons, which will be driven by CPO consumption of the biodiesel industry that is estimated to grow by 13.96% to 8.34 million tons in 2022.<\/p>\n
The increase of local consumption is predicted as the factor that will cause the growth of Indonesia\u2019s palm oil export in 2022 at only 3.18% to 34.44 million tons from the projection in 2021 at 33.38 million tons.<\/p>\n
GAPKI Secretary General Eddy Martono said that the growth of CPO production in 2022 is projected not as fast as that of 2021. It is due to a number of factors which include the difficulty of growers to access the fertilizers that will then affect their CPO production. The growers complained that due to the price increase of fertilizers they have to reduce the use of fertilizers. The irregularity of fertilizing will affect production, so that early this year the CPO production will slightly slow down.<\/p>\n
Eddy noted that as a result, the increase of export in 2022 will not be too significant if compared to that of 2021. \u201cBut all will change if the prices of fertilizer will stable. Possibly, fertilizers will only be sufficiently available in the second quarter 2022 and could drive up the CPO production,\u201d he told Investor Daily recently<\/em>.<\/p>\nAccording to him, the export performance will also heavily depend on the recovery of importing countries\u2019 economies from the impact of Covid-19 pandemic. \u201cBut generally, most of countries have seen economic recoveries this year, so that there is a possibility of export increase,\u201d he said.<\/p>\n
GAPKI predicted that the CPO price of around US$ 1,000 \u2013 1,250 per ton will continue until the first semester 2022. The increase of demand due to the global economic recovery, without accompanied by the increase of production will strongly keep the high price of the commodity.<\/p>\n
Previously, GAPKI Deputy Chairman III Togar Sitanggang said that the growth of Indonesia\u2019s palm oil production in 2022 will not be as high as that of last year due to a shortage of new areas of replanting, dry season, and a number of plantation areas have not yet reached the harvest time.<\/p>\n
\u201cThe high price of CPO will stay until the first semester 2022 at around US$1,000 \u2013 1,250 per ton. Possibly, it will continue until the end of 2022. This is good news for our country, as it will increase state income from export,\u201d said Togar.<\/p>\n
Export market<\/strong><\/p>\nBased on data from GAPKI, the largest export market of Indonesian palm oil is China, followed by India, European Union (EU-27), Africa, Pakistan, Middle East, USA, and Bangladesh. During the period of January-September 2021, Indonesia\u2019s palm oil export to China reached 4.9 million tons, to India 2.99 million tons, to European Union 3.45 million tons, to Africa 2.41 million tons, and to Pakistan 1.99 million tons.<\/p>\n
In 2020, its palm oil export to China reached 6.17 million tons, India 5.28 million tons, European Union 4.92 million tons, Africa 2.78 million tons, and Pakistan 2.5 million tons.<\/p>\n
BV Mehta, Executive Director of Solvent Extractors’ Association of India, said that India\u2019s consumption of palm oil surpassed 37% of its total consumption of vegetable oils at 8 – 8.5 million tons per year, while soybean was only at 22%. The largest consumer of palm oil in India is the hospitality industry, mainly hotels, restaurants, and cafes.<\/p>\n
The government of India has adjusted the import tax of vegetable oils, including CPO and derivative products, in order to control the prices of local vegetable oils. The reduction of import tax of vegetable oils, including CPO, will be still effective until 31 March 2022. Indonesia is feared to lose its market share in India due to the relatively high export tariff at home.<\/p>\n
During January-September 2021, India\u2019s import of palm oil from Indonesia\u00a0 reached 3.11 million tons, while in 2020 its import from Indonesia reached 4.79 million tons, in 2019 at 5.05 million tons, in 2018 at 6.17 million tons, and in 2017 at 7.05 million tons. India is now trying to increase its local production of palm oil, although it will still need to import the oil.<\/p>\n
“During the period of 2021-2022, India has planned to import 13 million tons of vegetable oils, of which CPO and CPKO will be around 7.7 million tons and RBD palm olein <\/em>0.1 million tons,” said Mehta.<\/p>\nIndian consumers of palm oil are very sensitive to the price and easily switch to other vegetable oils in a short time. (*)<\/p>\n
Source : Investor Daily | Featured image via bpdp.or.id<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":"
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.<\/p>\n","protected":false},"author":1,"featured_media":21118,"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-21117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\n
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tons.\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\/10\/palmoil_india_ecobusiness-1.jpg?fit=930%2C548&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/10\/palmoil_india_ecobusiness-1.jpg?fit=930%2C548&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/10\/palmoil_india_ecobusiness-1.jpg?fit=930%2C548&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/10\/palmoil_india_ecobusiness-1.jpg?fit=930%2C548&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":21117,"position":1},"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":19902,"url":"https:\/\/gapki.id\/en\/news\/2021\/03\/11\/covid-19-vaccination-expected-to-push-up-palm-oil-export\/","url_meta":{"origin":21117,"position":2},"title":"Covid-19 Vaccination Expected To Push Up Palm Oil Export","author":"admin","date":"March 11, 2021","format":false,"excerpt":"JAKARTA \u2013 The Indonesian Palm Oil Association (Gapki) Chairman Joko Supriyono said that the increase of palm oil export this year will depend on the Covid-19 vaccination program which is globally being implemented. He said that the increase of global demand will be also driven by the policies of many\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\/03\/covid_vzcin_kompas.com_.jpg?fit=906%2C538&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/covid_vzcin_kompas.com_.jpg?fit=906%2C538&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/covid_vzcin_kompas.com_.jpg?fit=906%2C538&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/covid_vzcin_kompas.com_.jpg?fit=906%2C538&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26216,"url":"https:\/\/gapki.id\/en\/news\/2023\/01\/26\/palm-oil-industrys-performance-in-2022\/","url_meta":{"origin":21117,"position":3},"title":"Palm Oil Industry\u2019s Performance In 2022","author":"admin","date":"January 26, 2023","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) Palm Oil Industry\u2019s Performance In 2022 The year 2022 in Indonesia was marked by unusual incidents which include extreme wet weather, surging cases of Covid-19 in February, the outbreak of Russia \u2013 Ukraine war in February, very high prices of vegetable oils that\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\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":18970,"url":"https:\/\/gapki.id\/en\/news\/2020\/08\/14\/cpo-export-drops-but-oleochemical-up-24\/","url_meta":{"origin":21117,"position":4},"title":"CPO Export Drops, But Oleochemical Up 24%","author":"admin","date":"August 14, 2020","format":false,"excerpt":"Jakarta \u2013 The Indonesian Palm Oil Association (GAPKI) reported that the export of oleochemicals, a palm oil derivative used to produce personal hygiene and cleaning products, had significantly increased by 24 percent during the first semester 2020. GAPKI Chairman Joko Supriyono said on Wednesday that the export of crude palm\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\/oleochemical_thechemicalengineer.jpg?fit=960%2C640&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/08\/oleochemical_thechemicalengineer.jpg?fit=960%2C640&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/08\/oleochemical_thechemicalengineer.jpg?fit=960%2C640&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/08\/oleochemical_thechemicalengineer.jpg?fit=960%2C640&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":23326,"url":"https:\/\/gapki.id\/en\/news\/2023\/06\/21\/global-vegoil-need-to-double-ri-can-raise-market-share\/","url_meta":{"origin":21117,"position":5},"title":"Global Vegoil Need To Double, RI Can Raise Market Share","author":"admin","date":"June 21, 2023","format":false,"excerpt":"JAKARTA \u2013 The global demand for vegetable oils will keep increasing in the future, along with the growth of global population. As the global population is projected to reach 10 billion in 2050, the need of vegetable oils will increase to 307 million tons per year. Farid Amir , Director\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\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/01\/ekspor2022_bpdpks.jpg?fit=1246%2C621&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/21117","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=21117"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/21117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/21118"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=21117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=21117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=21117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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