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<\/a><\/p>\nBased on data gathered by the Solvent Extractors’ Association (SEA), a vegetable oil trading company of India, the palm oil exports of Malaysia to India surged 238 percent to 2.42 million tons during the first seven months of the marketing year of 2020\/21 which was started on 01 November 2020.<\/p>\n
During the period, the shipping of Indonesian palm oil to India dropped by 32 percent to 2.0 million tons. It happened after Indonesia applied the higher export tax on the palm oil. Trading officials and analysts said that Indonesia\u2019s palm oil export tax reached the highest level during the last five months.<\/p>\n
\u201cMalaysia is getting an advantage from the higher export tax in Indonesia. The country\u2019s palm oil exporters are enabled to increase their market share by offering lower price than that offered by Indonesian exporters,\u201d said B.V. Mehta, the executive director of SEA as reported by Antara on Wednesday, 23 June 2021.<\/p>\n
But Sandeep Singh, a director of The Farm Trade, a consulting and trading company based in Kuala Lumpur, said that the increase of shipping from Malaysia to India will be limited as Indonesia will cut its palm oil export duty.<\/p>\n
Indonesian Finance Minister Sri Mulyani Indrawati said on Monday, 21 June 2021 that the government will cut the ceiling of palm oil export duty from US$255 per ton to US$175 per ton, but without informing the time frame.<\/p>\n
Indonesian palm oil exporters are charged at US$438 per ton in export tax and duty in June, while their counterparts in Malaysia are only charged at about US$90 per ton.<\/p>\n
\u201cIt has enabled Malaysian exporters to sell their palm oil products with big discount and can still maintain a healthy margin,\u201d said Anilkumar Bagani, a chief researcher at Sunvin Group, a vegetable oil trading company based in Mumbai, India.<\/p>\n
Malaysian palm oil exporters offered a discount of US$100 per ton in May 2021. But now, they lowered the discount to US$25 per ton as Indonesia will reduce its palm oil export duty, dealers said.<\/p>\n
Singh said that the reduction of the palm oil export duty will finally help Indonesian exporters to retake their market share.<\/p>\n
\u201cAs the market has dropped significantly by more than 25% during the last two weeks, and discussions in Indonesia regarding the export duty reduction are proceeding, then the transition back to Indonesia will be possibly realized soon,\u201d said Singh. (*)<\/p>\n
Source: Kompas.com | Featured image via sawitplus.co<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"JAKARTA \u2013 Malaysia has surpassed Indonesia as the largest exporter of crude palm oil (CPO) to India, which is the world\u2019s main consuming country, during the period of 2020-2021, after Indonesia applied higher export tax on the palm oil last year.<\/p>\n","protected":false},"author":1,"featured_media":20299,"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-26047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\n
Malaysia Replaces RI As CPO Largest Exporter To India - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"Based on data gathered by the Solvent Extractors' Association (SEA), a vegetable oil trading company of India, the palm oil exports of..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malaysia Replaces RI As CPO Largest Exporter To India - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"og:description\" content=\"Based on data gathered by the Solvent Extractors' Association (SEA), a vegetable oil trading company of India, the palm oil exports of..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-27T03:00:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil_oil_sawitplus.co_.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"976\" \/>\n\t<meta property=\"og:image:height\" content=\"558\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/gapki.id\/en\/#\/schema\/person\/c2cee368ea6173d53e932e04704efe25\"},\"headline\":\"Malaysia Replaces RI As CPO Largest Exporter To India\",\"datePublished\":\"2021-06-27T03:00:11+00:00\",\"dateModified\":\"2021-06-27T03:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/\"},\"wordCount\":443,\"publisher\":{\"@id\":\"https:\/\/gapki.id\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/palmoil_oil_sawitplus.co_.jpg?fit=976%2C558&ssl=1\",\"articleSection\":[\"Publication\",\"Recent News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/\",\"url\":\"https:\/\/gapki.id\/en\/news\/2021\/06\/27\/malaysia-replaces-ri-as-cpo-largest-exporter-to-india\/\",\"name\":\"Malaysia Replaces RI As CPO Largest Exporter To India - 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China and India are Indonesia's main crude palm oil (CPO) export markets. China, through 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\/allies-en\/uploads\/2023\/02\/palmoil_science.howstuffworks.com_.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_science.howstuffworks.com_.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_science.howstuffworks.com_.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_science.howstuffworks.com_.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":20238,"url":"https:\/\/gapki.id\/en\/news\/2021\/06\/11\/exporting-37-3m-tons-palm-oil-in-2020-ri-becomes-top-exporter\/","url_meta":{"origin":26047,"position":2},"title":"Exporting 37.3m Tons Palm Oil in 2020, RI Becomes Top Exporter","author":"admin","date":"June 11, 2021","format":false,"excerpt":"JAKARTA - Indonesia exported a total of 37.3 million tons of palm oil in 2020, making it the largest exporter of palm oil in the world. \"We\u2019ve reached the first rank as an exporter of palm oil,\" the industry ministry\u2019s Forestry and Plantation Products Director Emil Satria said during a\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":26047,"position":3},"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":20751,"url":"https:\/\/gapki.id\/en\/news\/2021\/10\/11\/palm-oil-exports-pushed-up-by-energy-crisis-in-india-and-china\/","url_meta":{"origin":26047,"position":4},"title":"Palm Oil Exports Pushed Up By Energy Crisis in India and China","author":"admin","date":"October 11, 2021","format":false,"excerpt":"JAKARTA \u2013 The energy crisis in India and China has driven up the palm oil exports of Indonesia. \u201cPalm oil export value in August 2021 reached US$4.42 billion, an increase of US$1.6 billion compared to that of July,\u201d the Indonesian Palm Oil Association (Gapki) Executive Director Mukti Sardjono said in\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\/10\/palmoil_export_ama.jpg?fit=980%2C571&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/10\/palmoil_export_ama.jpg?fit=980%2C571&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/10\/palmoil_export_ama.jpg?fit=980%2C571&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/10\/palmoil_export_ama.jpg?fit=980%2C571&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":18788,"url":"https:\/\/gapki.id\/en\/news\/2020\/07\/03\/ri-embassy-and-pvma-in-pakistan-meet-to-secure-palm-oil\/","url_meta":{"origin":26047,"position":5},"title":"RI Embassy And PVMA In Pakistan Meet To Secure Palm Oil","author":"admin","date":"July 3, 2020","format":false,"excerpt":"The Indonesian embassy (KBRI) in Islamabad convened a virtual meeting with the Pakistani Vanaspati Manufacturer's Association (PVMA) and Pakistani importers to secure Indonesia\u2019s exports of crude palm oil (CPO) and derivative products to the South Asian country. The Indonesian embassy said recently that the meeting is part of its efforts\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\/07\/palmoil_the_news.jpg?fit=650%2C380&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/07\/palmoil_the_news.jpg?fit=650%2C380&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/07\/palmoil_the_news.jpg?fit=650%2C380&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\/06\/palmoil_oil_sawitplus.co_.jpg?fit=976%2C558&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26047","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=26047"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/20299"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}