![\"\"](\"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2022\/07\/palmoil_oilpalm_thestar.com_.my_.jpg?resize=956%2C548&ssl=1\")
<\/p>\nJAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) has stated that the policy of crude palm oil (CPO) export ban during the period of 28 April – 23 May 2022 had not only impacted the palm oil export performance, but also its production.<\/p>\n
<\/p>\n
GAPKI Executive Director Mukti Sardjono said that agronomically the production of fresh fruit bunches (FFB) increased. But industrially, the CPO production in May was 18% lower than that in April.<\/p>\n
“The market condition was even worsened by the fact that a number of companies limited their harvest and purchase of FFB from smallholders due to the limited capacity of their storage tanks,\u201d Mukti said on Friday, 15 July 2022.<\/p>\n
He pointed out that the palm oil export in May 2022 was only 678 thousand tons or a decrease of 68% from the export in April at 2,089 thousand tons. The largest decrease was seen in CPO and processed CPO.<\/p>\n
The export of oleochemical in May reached 318 thousand tons, which was relatively the same with that in April at 319 thousand tons.<\/p>\n
“Compared to the export in April, Indonesia\u2019s export in May to China dropped 28%, to USA dropped 32%, to Philippines dropped 52%, to Russia dropped 64%, to European Union (EU) dropped 64%, to Singapore dropped 67%, to India dropped 80%, to Pakistan dropped 90%, and to Bangladesh dropped 98%,” said Mukti.<\/p>\n
The price of CPO Cif Rotterdam in May reached US$1,714\/ton, as compared to that in April at US$1,719\/ton. So was the domestic tender price from US$1,144.7 in April to US$936.0 in May 2022.<\/p>\n
“The decrease of CPO price caused the decrease of FFB price received by smallholders,” he said.<\/p>\n
Mukti added that the local consumption of palm oil in May reached 1,610 thousand tons, which was 8.0% lower than that of April. The consumption of palm oil for foods rose by 3.0% from 812 thousand tons in April to 837 thousand tons in May. Its consumption for biodiesel production in May reached 590 thousand tons or 22% lower than such consumption in April at 755 thousand tons.<\/p>\n
He said that the decline of export performance had caused the rise of final stock from 6.1 million tons in April to 7.2 million tons in May. (*)<\/p>\n
Source: sindonews.com<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) has stated that the policy of crude palm oil (CPO) export ban during the period of 28 April – 23 May 2022 had not only impacted the palm oil export performance, but also its production.<\/p>\n","protected":false},"author":1,"featured_media":21728,"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-21727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\n