{"id":26416,"date":"2023-09-29T17:58:35","date_gmt":"2023-09-29T10:58:35","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=23833"},"modified":"2023-09-29T17:58:35","modified_gmt":"2023-09-29T10:58:35","slug":"palm-oil-industry-performance-in-july-2023-export-strengthens-stock-weakens","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2023\/09\/29\/palm-oil-industry-performance-in-july-2023-export-strengthens-stock-weakens\/","title":{"rendered":"PALM OIL INDUSTRY PERFORMANCE IN JULY 2023: Export Strengthens, Stock Weakens"},"content":{"rendered":"

\"\"<\/p>\n

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

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

Export Strengthens, Stock Weakens<\/strong><\/p>\n

<\/p>\n

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 higher by 7.9% if compared to the production in June 2023 at 4,421 thousand tons. By Year on Year (YoY), the production increased 17.4% or 4,763 thousand tons from the production in Year to Date (YTD) July 2022 at 27,303 thousand tons to 32,066 thousand tons in YTD July 2023.<\/p>\n

The domestic total consumption in July 2023 reached 1,757 thousand tons, which was 10.5% lower than the domestic consumption in June 2023 at 1,963 thousand tons. The decrease was mainly caused by the decline of biodiesel use by 19.5% or 174 thousand tons, from 893 thousand tons in June 2023 to 719 thousand tons in July 2023.<\/p>\n

Such condition was also seen in the consumption of cooking oil and oleochemical which respectively dropped by 3.1% and 2.6%. The consumption of cooking oil in July 2023 reached 853 thousand tons and oleochemical at 185 thousand tons, while in June 2023, the consumption of cooking oil reached 880 thousand tons and oleochemical at 190 thousand tons.<\/p>\n

Total exports in July 2023 reached 3,519 thousand tons, which rose by 2.0% if compared to the exports in June 2023 at 3,450 thousand tons. The highest increase was seen in the exports of CPO at 589 thousand tons, or an increase of 16.9% from the exports in June 2023 at 504 thousand tons. Conversely, the export of processed CPO dropped by 3.4% from 2,487 thousand tons in June 2023 to 2,403 thousand tons in July 2023.<\/p>\n

The increase of the palm oil industry\u2019s export performance in July 2023 had resulted in the increase of export value by 1.4% from US$2,877 million in June 2023 to US$2,918 million in July 2023. The biggest increase of exports was seen to India and Bangladesh, which rose by 180.6 thousand tons and 54.5 thousand tons respectively.<\/p>\n

The export increase was also seen to Malaysia (+36.8 thousand tons), USA (+36.8 thousand tons) and EU (+24.4 thousand tons). The biggest decrease of exports was seen to Africa (-126.2 thousand tons), China (-94.6 thousand tons) and Pakistan (-58.1 thousand tons). By YTD until July 2023, the export to India was higher by 87% compared to the export in 2022, while the exports to China rose by 78%.<\/p>\n

With an estimation of initial stock in July 2023 at 3,629 thousand tons and the production increase at 7.9%, consumption decrease of 10.5% and export increase of 2.0%, then stock by the end of July 2023 was estimated to reach 3,128 thousand tons or a decline of 13.8% compared to that of June 2023 at 3,629 thousand tons.<\/p>\n

Jakarta, 29 September 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

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

Press Release Indonesian Palm Oil Association (IPOA) PALM OIL INDUSTRY PERFORMANCE IN JULY 2023 Export Strengthens, Stock Weakens<\/p>\n","protected":false},"author":1,"featured_media":19173,"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-26416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","category-publication","category-recent-news"],"yoast_head":"\nPALM OIL INDUSTRY PERFORMANCE IN JULY 2023: Export Strengthens, Stock Weakens - 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The high production\u2026","rel":"","context":"In "Press Release"","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":26723,"url":"https:\/\/gapki.id\/en\/news\/2023\/10\/28\/palm-oil-performance-in-august-2023-production-drops-local-consumption-keeps-rising\/","url_meta":{"origin":26416,"position":1},"title":"PALM OIL PERFORMANCE IN AUGUST 2023: Production Drops, Local Consumption Keeps Rising","author":"admin","date":"October 28, 2023","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PALM OIL PERFORMANCE IN AUGUST 2023 Production Drops, Local Consumption Keeps Rising CPO production in August 2023 reached 3,855 thousand tons, while PKO production reached 366 thousand tons, making the total production at 4,221 thousand tons. The total production was lower by 11.5%\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\/2023\/08\/Palmoil_Special_Law.png?fit=620%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/08\/Palmoil_Special_Law.png?fit=620%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/08\/Palmoil_Special_Law.png?fit=620%2C394&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":23464,"url":"https:\/\/gapki.id\/en\/news\/2023\/07\/22\/palm-oil-industry-performance-in-may-2023-production-increases-stock-rises\/","url_meta":{"origin":26416,"position":2},"title":"PALM OIL INDUSTRY PERFORMANCE IN MAY 2023: Production Increases, Stock Rises","author":"admin","date":"July 22, 2023","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) PALM OIL INDUSTRY PERFORMANCE IN MAY 2023 Production Increases, Stock Rises Jakarta - 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\u2026","rel":"","context":"In "Press Release"","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\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/01\/palmoil_tree_oilpalm_palmdoneright.com_.png?fit=967%2C557&ssl=1&resize=700%2C400 2x"},"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":26416,"position":3},"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 "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\/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":31570,"url":"https:\/\/gapki.id\/en\/news\/2026\/07\/03\/ris-palm-oil-industry-performance-strengthens-in-april-2026-production-and-exports-increase-significantly\/","url_meta":{"origin":26416,"position":4},"title":"RI\u2019s Palm Oil Industry Performance Strengthens in April 2026, Production and Exports Increase significantly","author":"admin","date":"July 3, 2026","format":false,"excerpt":"PRESS RELEASE Indonesian Palm Oil Association (IPOA) Production, Consumption and Exports Rise, Stock Slightly Drops JAKARTA \u2013 Indonesian palm oil industry in April 2026 showed a good performance as compared to its performance in March 2026. Production, consumption, and \u00a0exports increased. Production of CPO in April 2026 reached 4,479 thousand\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\/07\/kinerja_industri_up___siaranpers__29_6_2026__.jpg?fit=906%2C593&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/07\/kinerja_industri_up___siaranpers__29_6_2026__.jpg?fit=906%2C593&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/07\/kinerja_industri_up___siaranpers__29_6_2026__.jpg?fit=906%2C593&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2026\/07\/kinerja_industri_up___siaranpers__29_6_2026__.jpg?fit=906%2C593&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":26416,"position":5},"title":"PALM OIL PERFORMANCE IN OCTOBER 2023: Production, Consumption & 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 "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\/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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/09\/oilpalm_tree_palmoil.jpg?fit=1024%2C576&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26416","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=26416"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/26416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/19173"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=26416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=26416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=26416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}