{"id":26310,"date":"2023-05-13T08:26:03","date_gmt":"2023-05-13T01:26:03","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=23119"},"modified":"2023-05-13T08:26:03","modified_gmt":"2023-05-13T01:26:03","slug":"march-2023-production-picks-up-stock-surges","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2023\/05\/13\/march-2023-production-picks-up-stock-surges\/","title":{"rendered":"March 2023: Production Picks Up, Stock Surges"},"content":{"rendered":"

\"\"<\/p>\n

Press Release<\/strong>
\nIndonesian Palm Oil Association (IPOA)<\/strong><\/p>\n

PALM OIL INDUSTRY PERFORMANCE MARCH 2023<\/strong><\/p>\n

Production Picks Up, Stock Surges<\/strong><\/span><\/p>\n

<\/p>\n

The palm oil production during March 2023 saw a seasonal increase of around 12% for CPO or from 3,883 thousand tons in February to 4,349 thousand tons in March 2023 and for PKO from 369 thousand tons in February to 413 thousand tons in March 2023.<\/p>\n

Reversing the production trend, the palm oil exports decreased from 2,912 thousand tons in February to 2,641 thousand tons in March 2023. The biggest drop was seen in processed palm oil products, from 2,254 thousand tons in February to 1,880 thousand tons in March. Based on country destinations, the export drop was seen to China (- 242.8 thousand tons), Egypt & Middle East (-129.4 thousand tons), Bangladesh (-50.5 thousand tons), India (-68.3 thousand tons), Netherlands (- 54.9 thousand tons) and Malaysia. Export increase was seen to the USA, Spain, Italy, Russia and Pakistan. The export drop causes export value decreased from US$2,687 million in February to US$2,259 million in March 2023, despite the price of CPO CIF Rotterdam in March reached US$1,030\/ton, which was higher than the price in February at US$997\/ton (+3,2%).<\/p>\n

Unlike the price of palm oil, the price of other vegetable oils dropped in March 2023. The price of soybean (Ditch FOB ex mill) dropped by -9.9%, sunflower (FOB NW Europe) by\u00a0 -9.4%, and rapeseed (<\/em>Dutch FOB Ex mill) by 12.1%.<\/p>\n

Domestic consumption increased from 1,803 thousand tons in February to 1,812 thousand tons in March. The consumption for food industries increased from 802 thousand tons in February to 911 thousand tons in March, for oleo-chemical industries rose from 185 thousand tons in February to 187 thousand tons in March, and for biodiesel industries dropped from 816 thousand tons to 714 thousand tons.<\/p>\n

With the change in production, the consumption and exports, then final stock rose from 2,765 thousand tons in February to 3,138 thousand tons in March 2023. Considering the decrease of other vegetable oils\u2019 prices, it is very likely that the price of palm oil will also drop.<\/p>\n

Jakarta, 12 May 2023<\/strong>
\nIndonesian Palm Oil Association (IPOA)<\/strong><\/p>\n

For further information, please contact:<\/em><\/span><\/p>\n

Mukti Sardjono<\/strong>
\nExecutive Director GAPKI<\/strong><\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Press Release Indonesian Palm Oil Association (IPOA) PALM OIL INDUSTRY PERFORMANCE MARCH 2023 Production Picks Up, Stock Surges<\/p>\n","protected":false},"author":1,"featured_media":22062,"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":[3710,3713,3708],"tags":[],"class_list":["post-26310","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info-activity","category-press-release","category-publication"],"yoast_head":"\nMarch 2023: Production Picks Up, Stock Surges - 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The average price at the joint marketing office (KPB) FOB in March reached US$\u2026","rel":"","context":"In "Info & Activity"","block_context":{"text":"Info & Activity","link":"https:\/\/gapki.id\/en\/news\/category\/info-activity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/05\/palmoil_wongkito.co_.jpg?fit=940%2C555&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/05\/palmoil_wongkito.co_.jpg?fit=940%2C555&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/05\/palmoil_wongkito.co_.jpg?fit=940%2C555&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/05\/palmoil_wongkito.co_.jpg?fit=940%2C555&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20111,"url":"https:\/\/gapki.id\/en\/news\/2021\/05\/02\/production-starts-rising-but-stock-still-tight\/","url_meta":{"origin":26310,"position":1},"title":"Production Starts Rising, But Stock Still Tight","author":"admin","date":"May 2, 2021","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PRODUCTION STARTS RISING, BUT STOCK STILL TIGHT The average price of palm oil during March 2021 reached US$ 1,116\/ton CIF Rotterdam, which was higher by US$ 21 (1.9%) from that in February. The price increase was caused by the many changes in predictions\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\/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":27924,"url":"https:\/\/gapki.id\/en\/news\/2024\/05\/30\/palm-oil-production-exports-and-consumption-up\/","url_meta":{"origin":26310,"position":2},"title":"Palm Oil Production, Exports and Consumption Up","author":"admin","date":"May 30, 2024","format":false,"excerpt":"JAKARTA \u2013 Palm oil production, exports and consumption in March 2024 increased. Production of crude palm oil (CPO) reached 4,102 thousand tons or an increase of 5.50 percent from 3,888 thousand tons in February 2024. Production of PKO increased by around 5.97 percent from 369 thousand tons in February 2024\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\/2024\/06\/smallholder_sawit_news.majalahhortus.com_.jpg?fit=797%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/06\/smallholder_sawit_news.majalahhortus.com_.jpg?fit=797%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/06\/smallholder_sawit_news.majalahhortus.com_.jpg?fit=797%2C472&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/06\/smallholder_sawit_news.majalahhortus.com_.jpg?fit=797%2C472&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":31429,"url":"https:\/\/gapki.id\/en\/news\/2026\/05\/26\/palm-production-consumption-and-exports-drop-in-march-2026-why\/","url_meta":{"origin":26310,"position":3},"title":"Palm Production, Consumption and Exports Drop In March 2026, Why?","author":"admin","date":"May 26, 2026","format":false,"excerpt":"PRESS RELEASE Indonesian Palm Oil Association (IPOA) Palm Production, Consumption And \u00a0Exports Drop, Stock Rises JAKARTA -- CPO production in March 2026 reached 4,403 thousand tons, a decrease of -12.22% from that of the previous month at 5,015 thousand tons. PKO production in March also dropped to 418 thousand 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\/2026\/06\/palmoil_pressrell_sawit_25_5_2026_____.jpg?fit=806%2C455&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/06\/palmoil_pressrell_sawit_25_5_2026_____.jpg?fit=806%2C455&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/06\/palmoil_pressrell_sawit_25_5_2026_____.jpg?fit=806%2C455&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/06\/palmoil_pressrell_sawit_25_5_2026_____.jpg?fit=806%2C455&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29862,"url":"https:\/\/gapki.id\/en\/news\/2025\/06\/24\/cpo-production-surges-but-exports-take-a-hit\/","url_meta":{"origin":26310,"position":4},"title":"CPO Production Surges, But Exports Take a Hit!","author":"admin","date":"June 24, 2025","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PRESS RELEASE EXPORTS DROP, STOCK RISES CPO production in April 2025 increased due to seasonal factor by 2% to 4,479 thousand tons from 4,391 thousand tons in previous month, while production of PKO rose to 425 thousand tons from 417 thousand tons. Year\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\/2025\/06\/picture_image_ilustration_.jpg?fit=683%2C452&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/06\/picture_image_ilustration_.jpg?fit=683%2C452&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/06\/picture_image_ilustration_.jpg?fit=683%2C452&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":29867,"url":"https:\/\/gapki.id\/en\/news\/2025\/05\/31\/cpo-stock-declines-domestic-production-and-consumption-surge-in-march-2025\/","url_meta":{"origin":26310,"position":5},"title":"CPO Stock Declines, Domestic Production and Consumption Surge in March 2025","author":"admin","date":"May 31, 2025","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PRESS RELEASE CONSUMPTION AND EXPORTS RISE, STOCKS DECLINE Crude Palm Oil (CPO) production in March 2025 reached 4,391 thousand tons, a 15.9% increase compared to February 2025, which recorded 3,789 thousand tons. Palm Kernel Oil (PKO) production also rose to 417 thousand 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\/2025\/02\/sawit_ilustrasi_palmoil_kelapa_Sawit.jpg?fit=843%2C525&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/sawit_ilustrasi_palmoil_kelapa_Sawit.jpg?fit=843%2C525&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/sawit_ilustrasi_palmoil_kelapa_Sawit.jpg?fit=843%2C525&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/02\/sawit_ilustrasi_palmoil_kelapa_Sawit.jpg?fit=843%2C525&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\/2022\/10\/palmoil_tbs_aljazeera.com_-1.jpg?fit=841%2C515&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26310","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=26310"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/22062"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}