{"id":26113,"date":"2022-02-03T16:11:19","date_gmt":"2022-02-03T09:11:19","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=21145"},"modified":"2022-02-03T16:11:19","modified_gmt":"2022-02-03T09:11:19","slug":"gapki-predicts-cpo-price-to-stay-high-until-march-2022","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2022\/02\/03\/gapki-predicts-cpo-price-to-stay-high-until-march-2022\/","title":{"rendered":"Gapki Predicts CPO Price To Stay High Until March 2022"},"content":{"rendered":"

Medan\u00a0 – The price of crude palm oil (CPO) is predicted to continue in the high level at least until March 2022, as demand for the vegetable oil is rising at the international market.<\/p>\n

\"\"<\/a><\/p>\n

“On 18 January 2022, the price of CPO had reached Rp14,805 per kg, which is the highest so far until mid-January 2022,” the Indonesian Palm Oil Association\u2019s (GAPKI) North Sumatera Office Executive Secretary Darma Sucipto said in Medan on Tuesday, 18 January 2022.<\/p>\n

The average price of CPO in 2021 was Rp11,753 per kg with the highest level reaching on 03 November at Rp14,893 per kg. The CPO price increase was driven by the continually rising demand at domestic and foreign markets.<\/p>\n

He said that the demand at domestic market was lifted by the mandatory program of biodiesel 30 percent (B30) which has been steadily growing. The demand at global market is driven by the growth of downstream palm oil industries in a number of countries.<\/p>\n

“The increase of CPO price is pushed by the fear of supply shortage from producing countries, especially Indonesia as the world\u2019s largest producer. Fearing the possibility of CPO supply shortage has made the importers in the consuming countries to buy more CPO, sending prices higher,\u201d he said.<\/p>\n

The CPO price increase was also caused by low production as a result of various factors. “The faster and higher growth of demand than the production has pushed up the price increase,” he added.<\/p>\n

The demand from the foreign market is predicted to get even higher as India has planned to reduce the import tax of CPO and the Indonesian plan to implement the mandatory program of biodiesel 40 percent (B40).<\/p>\n

Darma Sucipto noted that the price increase of CPO since 2020 until early 2022 has become a historical moment in the commodity trading. \u201cUsually, surging prices only last for 3 \u2013 6 months,\u201d he said.<\/p>\n

Source: Antaranews.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Medan\u00a0 – The price of crude palm oil (CPO) is predicted to continue in the high level at least until March 2022, as demand for the vegetable oil is rising at the international market.<\/p>\n","protected":false},"author":1,"featured_media":21146,"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-26113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\nGapki 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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":[]},{"id":19971,"url":"https:\/\/gapki.id\/en\/news\/2021\/03\/29\/palm-oil-price-reaches-13-year-record-high\/","url_meta":{"origin":26113,"position":3},"title":"Palm Oil Price Reaches 13-Year Record High","author":"admin","date":"March 29, 2021","format":false,"excerpt":"JAKARTA -- The price of palm oil surged again for the sixth consecutive day on Wednesday, 10 March 2021, reaching the highest level during the last 13 years after the Malaysian Palm Oil Board (MPOB) issued a monthly report on February stock and demand. The price of palm oil May\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\/sawit_astra-agro.co_.id_source-1.jpg?fit=768%2C479&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/sawit_astra-agro.co_.id_source-1.jpg?fit=768%2C479&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/sawit_astra-agro.co_.id_source-1.jpg?fit=768%2C479&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/03\/sawit_astra-agro.co_.id_source-1.jpg?fit=768%2C479&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20318,"url":"https:\/\/gapki.id\/en\/news\/2021\/07\/03\/government-revises-down-palm-oil-export-duty\/","url_meta":{"origin":26113,"position":4},"title":"Government Revises Down Palm Oil Export Duty","author":"admin","date":"July 3, 2021","format":false,"excerpt":"JAKARTA \u2013 The ministry of finance has decided to cut again the export duty of palm oil and derivative products to increase the Indonesian products\u2019 competitiveness at the global market. It is contained in the finance ministry regulation (PMK) No.76\/PMK.05\/2021 on second revision of PMK No. 57\/PMK.05\/2020 on the tariff\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_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=700%2C400 2x"},"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":26113,"position":5},"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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/02\/palmoil_oilpalm_gapki.id_.jpg?fit=1056%2C588&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26113","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=26113"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/21146"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}