{"id":23464,"date":"2023-07-22T08:40:42","date_gmt":"2023-07-22T01:40:42","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=23464"},"modified":"2023-07-22T08:40:42","modified_gmt":"2023-07-22T01:40:42","slug":"palm-oil-industry-performance-in-may-2023-production-increases-stock-rises","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2023\/07\/22\/palm-oil-industry-performance-in-may-2023-production-increases-stock-rises\/","title":{"rendered":"PALM OIL INDUSTRY PERFORMANCE IN MAY 2023: Production Increases, Stock Rises"},"content":{"rendered":"<p style=\"text-align: center;\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-937\" src=\"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2016\/06\/gapkilogo.png?resize=89%2C89&#038;ssl=1\" alt=\"\" width=\"89\" height=\"89\" srcset=\"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2016\/06\/gapkilogo.png?w=200&amp;ssl=1 200w, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2016\/06\/gapkilogo.png?resize=150%2C150&amp;ssl=1 150w\" sizes=\"auto, (max-width: 89px) 100vw, 89px\" \/><\/p>\n<p style=\"text-align: center;\"><strong>Press Release<\/strong><br \/>\n<strong>Indonesian Palm Oil Association (IPOA)<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>PALM OIL INDUSTRY PERFORMANCE IN MAY 2023<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Production Increases, Stock Rises<\/strong><\/p>\n<p style=\"text-align: center;\"><!--more--><\/p>\n<p>Jakarta &#8211; The production of CPO and PKO in May 2023 increased by 12.4% from that of the previous month as the Muslim holiday and festivity of Eid al-Fitr affected the harvesting activities. Compared to that of May 2022, the total production of CPO and PKO in May 2023 rose by 15% (YoY).<\/p>\n<p>In May 2023, the total domestic consumption dropped by 4.2% from that of April of the same year. The largest drop was seen in the consumption for biodiesel (-10.4%), followed by consumption for oleo-chemical (-1.5%). Cumulatively, from January to May 2023 the consumption for biodiesel production increased (+5%), for oleo-chemical rose (+5.6%) and for food industries rose (+29.3%).<\/p>\n<p>Meanwhile, Year on Year (YoY), the total consumption as of May 2023 increased by 15.4% to 9,114 thousand tons from 7,898 thousand tons during the same period in 2022.<\/p>\n<p>Total exports of palm oil products in May 2023 increased by 4.5% compared to that of the previous month. The biggest increase of exports was seen to India (+168.3 thousand tons or +105.1%), followed by African countries except Egypt (+85.5 thousand tons or +43.3%) and Egypt (+46.5 thousand tons or +128.8%).<\/p>\n<p>The biggest decrease of exports was seen to countries of EU-27 (-73.1 thousand tons or -22.5%), Pakistan (-58.4 thousand tons or -21.1%), and Bangladesh (-52.4 thousand tons or -51.3%).<\/p>\n<p>YoY, total exports as of May 2023 surged by 33.5% to 12,864 thousand tons from 9,633 thousand tons in 2022. Total export value of palm oil products in May 2023 reached US$2.05 billion or an increase of 4.6% from that of the same period at the previous year.<\/p>\n<p>Despite the price of CPO CIF Rotterdam CPO in May 2023 (US$ 940\/ton) was lower than that of April 2023 (US$1023\/ton), actually the average price of transactions increased to a number of countries, including India, Bangladesh, several other Asian countries, and the USA.<\/p>\n<p>Despite the increase of local consumption of palm oil products and derivatives, the high increase of production and initial stock has resulted in significant increase of final stock in May 2023 by 28.7% to 4.67 million tons or an increase of 1.04 million tons from 3.63 million tons in April 2023.<\/p>\n<p><strong>Jakarta, 21 July 2023<\/strong><br \/>\n<strong>Indonesian Palm Oil Association (IPOA)<\/strong><\/p>\n<p><span style=\"text-decoration: underline;\"><em>For further information, please contact:<\/em><\/span><\/p>\n<p><strong>Mukti Sardjono<\/strong><br \/>\n<strong>Executive Director GAPKI<\/strong><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/STATISTIK_INDUSTRI_MINYAK_SAWIT_INDONESIA_2023_MEI.png?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23465\" src=\"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/STATISTIK_INDUSTRI_MINYAK_SAWIT_INDONESIA_2023_MEI.png?resize=799%2C628&#038;ssl=1\" alt=\"\" width=\"799\" height=\"628\" data-id=\"23465\" srcset=\"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/08\/STATISTIK_INDUSTRI_MINYAK_SAWIT_INDONESIA_2023_MEI.png?w=799&amp;ssl=1 799w, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/08\/STATISTIK_INDUSTRI_MINYAK_SAWIT_INDONESIA_2023_MEI.png?resize=300%2C236&amp;ssl=1 300w, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/08\/STATISTIK_INDUSTRI_MINYAK_SAWIT_INDONESIA_2023_MEI.png?resize=768%2C604&amp;ssl=1 768w\" sizes=\"auto, (max-width: 799px) 100vw, 799px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Press Release Indonesian Palm Oil Association (IPOA) PALM OIL INDUSTRY PERFORMANCE IN MAY 2023 Production Increases, Stock Rises<\/p>\n","protected":false},"author":1,"featured_media":22603,"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":[3713,3708,3709],"tags":[],"class_list":["post-23464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","category-publication","category-recent-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - 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It was lower by 13.0% compared to the production in May 2023 at 5,080 thousand tons. The high production\u2026","rel":"","context":"In &quot;Press Release&quot;","block_context":{"text":"Press Release","link":"https:\/\/gapki.id\/en\/news\/category\/press-release\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2016\/06\/gapkilogo.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":26916,"url":"https:\/\/gapki.id\/en\/news\/2023\/11\/22\/palm-oil-performance-in-september-2023-export-of-processed-palm-oil-rises-stock-decreases\/","url_meta":{"origin":23464,"position":1},"title":"PALM OIL PERFORMANCE IN SEPTEMBER 2023: Export of Processed Palm Oil Rises, Stock Decreases","author":"admin","date":"November 22, 2023","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PALM OIL PERFORMANCE IN SEPTEMBER 2023 Export of Processed Palm Oil Rises, Stock Decreases The production of CPO in September 2023 reached 4,143 thousand tons, an increase of 7.5% from the production in August at 3,855 thousand tons. The production of PKO also\u2026","rel":"","context":"In &quot;Info &amp; Activity&quot;","block_context":{"text":"Info &amp; 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\/05\/palmoil_id_idhsustainabletrade.com_.jpg?fit=858%2C574&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/palmoil_id_idhsustainabletrade.com_.jpg?fit=858%2C574&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/palmoil_id_idhsustainabletrade.com_.jpg?fit=858%2C574&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/05\/palmoil_id_idhsustainabletrade.com_.jpg?fit=858%2C574&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":22909,"url":"https:\/\/gapki.id\/en\/news\/2023\/03\/28\/palm-oil-industry-performance-in-january-2023-production-stagnant-stock-drops\/","url_meta":{"origin":23464,"position":2},"title":"Palm Oil Industry Performance in January 2023: Production Stagnant, Stock Drops","author":"admin","date":"March 28, 2023","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) Palm Oil Industry Performance in January 2023: Production Stagnant, Stock Drops The year 2023 was started with the production of CPO in January at 3,892 thousand tons and PKO at 370 thousand tons, which was relatively the same with that of CPO production\u2026","rel":"","context":"In &quot;Info &amp; Activity&quot;","block_context":{"text":"Info &amp; 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\/10\/palmoil_tbs_aljazeera.com_-1.jpg?fit=841%2C515&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_tbs_aljazeera.com_-1.jpg?fit=841%2C515&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_tbs_aljazeera.com_-1.jpg?fit=841%2C515&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_tbs_aljazeera.com_-1.jpg?fit=841%2C515&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":27129,"url":"https:\/\/gapki.id\/en\/news\/2023\/12\/19\/palm-oil-performance-in-october-2023-production-consumption-exports-rise-stock-drops\/","url_meta":{"origin":23464,"position":3},"title":"PALM OIL PERFORMANCE IN OCTOBER 2023: Production, Consumption &#038; Exports Rise, Stock Drops","author":"admin","date":"December 19, 2023","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PRESS RELEASE PALM OIL INDUSTRY PERFORMANCE IN OCTOBER 2023 Production, Consumption & Exports Rise, Stock Drops The production of CPO in September 2023 reached 4,143 thousand tons, an increase of 7.5% from the production in August at 3,855 thousand tons. The production of\u2026","rel":"","context":"In &quot;Info &amp; Activity&quot;","block_context":{"text":"Info &amp; 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\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/palmoil_oilpalm_businessday.ng_.jpg?fit=827%2C460&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26416,"url":"https:\/\/gapki.id\/en\/news\/2023\/09\/29\/palm-oil-industry-performance-in-july-2023-export-strengthens-stock-weakens\/","url_meta":{"origin":23464,"position":4},"title":"PALM OIL INDUSTRY PERFORMANCE IN JULY 2023: Export Strengthens, Stock Weakens","author":"admin","date":"September 29, 2023","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PALM OIL INDUSTRY PERFORMANCE IN JULY 2023 Export Strengthens, Stock Weakens Jakarta - The total production of palm oil in July 2023 reached 4,771 thousand tons, consisting of CPO at 4,357 thousand tons, and PKO at 414 thousand tons. The total production was\u2026","rel":"","context":"In &quot;Press Release&quot;","block_context":{"text":"Press Release","link":"https:\/\/gapki.id\/en\/news\/category\/press-release\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/09\/oilpalm_tree_palmoil.jpg?fit=1024%2C576&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/09\/oilpalm_tree_palmoil.jpg?fit=1024%2C576&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/09\/oilpalm_tree_palmoil.jpg?fit=1024%2C576&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/09\/oilpalm_tree_palmoil.jpg?fit=1024%2C576&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":22500,"url":"https:\/\/gapki.id\/en\/news\/2022\/12\/16\/export-rises-stock-returns-to-normal\/","url_meta":{"origin":23464,"position":5},"title":"Export Rises, Stock Returns To Normal","author":"admin","date":"December 16, 2022","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) Export Rises, Stock Returns To Normal JAKARTA - The exports of palm oil products in October 2022 increased to 3,654 thousand tons as compared to the exports in September 2022 at 3,183 thousand tons and the largest increase was seen in processed CPO\u2026","rel":"","context":"In &quot;Info &amp; Activity&quot;","block_context":{"text":"Info &amp; 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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/23464","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=23464"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/23464\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/22603"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=23464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=23464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=23464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}