{"id":26364,"date":"2023-08-22T16:41:55","date_gmt":"2023-08-22T09:41:55","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=23608"},"modified":"2023-08-22T16:41:55","modified_gmt":"2023-08-22T09:41:55","slug":"china-to-raise-palm-oil-imports-from-ri-to-over-8m-tons","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2023\/08\/22\/china-to-raise-palm-oil-imports-from-ri-to-over-8m-tons\/","title":{"rendered":"China To Raise Palm Oil Imports From RI To Over 8m Tons"},"content":{"rendered":"

JAKARTA \u2013 China wants to raise its import of palm oil from Indonesia from 6.0 million tons to 8.0 million tons as its economy has been recovering.<\/p>\n

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

The Indonesian Palm Oil Association\u2019s (GAPKI) Chairman Eddy Martono said that there has been a rising trend of palm oil demand from China during the last few years. Since the outbreak of Covid-19 pandemic in 2020, China\u2019s palm oil import from Indonesia was only 6.0 million tons. Until 2018, China was still the second largest importer of palm oil from Indonesia, but since 2019 it has outpaced India as the largest importer of Indonesia\u2019s palm oil.<\/p>\n

Eddy Martono said that China\u2019s rising demand is a good news for Indonesia, which is facing palm oil export challenges in European Union (EU) due to the EU Deforestation regulation (EUDR) that restricts agricultural products, including palm oil.<\/p>\n

\u201cChina\u2019s demand for palm oil is rising amid efforts pursued by Indonesia to find new markets outside Europe. Its economic recovery after the receding of Covid-19 pandemic has pushed up the demand for vegetable oils, especially palm oil,\u201d Eddy said during a public discussion on palm oil recently.<\/p>\n

\u201cI\u2019ve just returned from China. They wanted to increase their palm oil purchase from Indonesia. During the Covid-19 they imported only 6.0 million tons. This year, they will increase it to 7.0 million tons. Hopefully, they will further increase it to 8 million tons or even more. But despite the fact, we together with the government will continue seeking new markets in the non-traditional markets,\u201d he said.<\/p>\n

According to data from GAPKI, Indonesia\u2019s exports of palm oil during January-June 2023 reached 16.31 million tons, an increase of 35.49% compared to the same period last year at 12.04 million tons. The increase was resulted from the rise of demand from China and South Asian countries– India, Pakistan, and Bangladesh.<\/p>\n

“The exports to China and South Asian countries increased sharply after seeing a decrease during the last few months,\u201d he said recently.<\/p>\n

In terms of value, Indonesia\u2019s export value of palm oil during January-June 2023 reached US$14.6 billion or a decrease of 17.18% compared to that of the same period last year at US$17.63 billion. The decrease of export value was due to the low prices of crude palm oil (CPO).<\/p>\n

The CPO price at the international market has been continually seeing a declining trend. The price of CPO CIF Rotterdam in 2022 for July was US$1,203 per ton, August US$1,095 per ton, September US$1,048 per ton, October US$1,043 per ton, November US$1,099 per ton, and Desember US$1,035 per ton.<\/p>\n

The price in 2023 for January was US$1,024 per ton, February US$997 per ton, March US$1,031 per ton, April US$1,025 per ton, May US$940 per ton, and June US$905 per ton. Such declining trend was also seen by other vegetable oils, including sunflower which was only US$923 per ton in June 2023.\u00a0(*)<\/p>\n

Source: investor.id<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

JAKARTA \u2013 China wants to raise its import of palm oil from Indonesia from 6.0 million tons to 8.0 million tons as its economy has been recovering.<\/p>\n","protected":false},"author":1,"featured_media":23610,"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-26364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\nChina To Raise Palm Oil Imports From RI To Over 8m Tons - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"The CPO price at the international market has been continually seeing a declining trend. 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As a result, Indonesia has to find new export markets outside of EU for its palm oil products. The Indonesian Palm Oil Association\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\/03\/palmoil_brondolan_sawit_nasionalisme.co_.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_brondolan_sawit_nasionalisme.co_.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_brondolan_sawit_nasionalisme.co_.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/03\/palmoil_brondolan_sawit_nasionalisme.co_.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26717,"url":"https:\/\/gapki.id\/en\/news\/2023\/10\/29\/eddy-palm-oil-badly-needs-govt-support-to-avoid-sugar-fate\/","url_meta":{"origin":26364,"position":1},"title":"Eddy: Palm Oil Badly Needs Govt Support To Avoid Sugar Fate","author":"admin","date":"October 29, 2023","format":false,"excerpt":"JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Eddy Martono said that the Indonesian palm oil industry still has a much greater potential for further development to generate higher economic growth, increase foreign exchange income, and create more job opportunities in the future. \u201cBut for such purpose, the palm\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/eddy_martono_detik.net_.id_.jpg?fit=718%2C421&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/eddy_martono_detik.net_.id_.jpg?fit=718%2C421&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/eddy_martono_detik.net_.id_.jpg?fit=718%2C421&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/11\/eddy_martono_detik.net_.id_.jpg?fit=718%2C421&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26769,"url":"https:\/\/gapki.id\/en\/news\/2023\/11\/07\/viable-opportunities-excite-palm-oil-players-to-survive-uncertainties\/","url_meta":{"origin":26364,"position":2},"title":"Viable Opportunities Excite Palm Oil Players To Survive Uncertainties","author":"admin","date":"November 7, 2023","format":false,"excerpt":"Speakers during the 19th Indonesian Palm Oil Conference (IPOC) 2023 last week might have strongly convinced the participants about the global market uncertainty facing the palm oil industry due to geopolitical tensions in Ukraine and the Middle East, trade barriers and slow growth of global economy. 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Eddy cited the example of China, one of the main country destinations of Indonesia\u2019s palm oil products, which\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\/09\/eddy_martono_promediateknologi.id_.jpg?fit=740%2C503&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/09\/eddy_martono_promediateknologi.id_.jpg?fit=740%2C503&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/09\/eddy_martono_promediateknologi.id_.jpg?fit=740%2C503&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/09\/eddy_martono_promediateknologi.id_.jpg?fit=740%2C503&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":26321,"url":"https:\/\/gapki.id\/en\/news\/2023\/06\/02\/ri-can-greatly-raise-palm-oil-export-to-russia\/","url_meta":{"origin":26364,"position":4},"title":"RI Can Greatly Raise Palm Oil Export To Russia","author":"admin","date":"June 2, 2023","format":false,"excerpt":"MOSCOW \u2013 Indonesia is potential to increase its palm oil exports to Russia up to one million tons to meet the rising need of manufacturing industries in the country. Based on data from the Indonesian Palm Oil Association (GAPKI), in 2022 Indonesia\u2019s palm oil export volume to Russia reached 668,340\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\/06\/palmoil_scmp.com_id.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/06\/palmoil_scmp.com_id.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/06\/palmoil_scmp.com_id.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/06\/palmoil_scmp.com_id.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":26219,"url":"https:\/\/gapki.id\/en\/news\/2023\/02\/10\/china-india-start-pushing-for-greener-palm-oil\/","url_meta":{"origin":26364,"position":5},"title":"China, India Start Pushing For Greener Palm Oil","author":"admin","date":"February 10, 2023","format":false,"excerpt":"JAKARTA - Indonesian palm oil producers are optimistic they can overcome the challenges presented by China and India's transition toward sustainability, as experts stress the importance of having the country's local sustainability standards recognized globally. 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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26364","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=26364"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26364\/revisions"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}