{"id":27805,"date":"2024-05-04T02:16:35","date_gmt":"2024-05-04T02:16:35","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=27805"},"modified":"2024-05-06T02:21:40","modified_gmt":"2024-05-06T02:21:40","slug":"gapki-govt-policies-make-cpo-less-competitive","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2024\/05\/04\/gapki-govt-policies-make-cpo-less-competitive\/","title":{"rendered":"GAPKI: Govt Policies Make CPO Less Competitive"},"content":{"rendered":"

JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) said the production increase of other rival vegetable oils has become one of the factors that caused the average price of crude palm oil (CPO) higher than the average prices of other vegetable oils at the global market. Such trend has been seen since October 2023.<\/p>\n

\"\"<\/p>\n

\u201cThe price of sunflower is lower than that of CPO. I found it was proved in Uzbekistan, China, and India. There the price of sunflower was cheaper, despite the fact that palm oil production was very high. But why the other vegetable oils are cheaper?,\u201d he said.<\/p>\n

\u201cIt\u2019s because of Indonesia\u2019s export ban. They needed to keep their food resilience. They intensified planting what they can plant for such purpose. As a result the production of sunflower rose significantly,\u201d he said.<\/p>\n

Eddy said that it was not only the sunflower that saw production increase. The rapeseed oil and soybean oil also saw a significant rise. \u201cDuring January – February 2024, the prices of sunflower, rapeseed, and soybean were lower than the CPO,\u201d he said.<\/p>\n

Growingly uncompetitive<\/strong><\/p>\n

According to Eddy, Indonesia\u2019s palm oil products are increasingly not competitive at the global market, due to many unsupportive policies, such as the domestic market obligation (DMO), which hamper the palm oil exports. It has been worsened by the fact that China and India, as Indonesia\u2019s largest palm oil importers, started seeking for alternatives of palm oil.<\/p>\n

\u201cSuch factors made us less competitive than our neighboring country Malaysia, which is also major producer and exporter of CPO. I think we need to address the issue of policies, reduce the palm oil export levy (PE) and export tax (BK) to the level that will make our palm oil more competitive at the global market,\u201d he said.<\/p>\n

Early this week (Monday, 29\/04\/2024), the CPO price rose, after seeing an increase during previous trading day. The price of CPO at Malaysia future exchange for the next three-month delivery reached MYR 3,921\/ton, an increase of 0.64% compared to that of last week. The CPO price rose for two consecutive days, lifting the price by 1.21%. But the price increase was not high enough to free the CPO price from negative trend. During the last week, the price dropped by 2.04%\u00a0point-to-point.<\/em>\u00a0During last month its price decreased by 10.33%.<\/p>\n

The high supply still pressured the price of CPO. In Malaysia, Southern Peninsular Palm Oil Millers Association (SPPOMA) reported that CPO production during 1\u201425 April rose 4.11% compared to that of the same period at the previous month. As of Thursday (02\/05\/2024), based on Trading Economics, the price of rapeseed reached US$388.39\/ton, a decrease of 0.01% from that the previous day. The price of sunflower reached US$862.80\/ton, a decrease of 3.90%, while the price of soybean reached US$1,141\/bushel or a decrease of 0.38%.\u00a0(*)<\/em><\/p>\n

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

JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) said the production increase of other rival vegetable oils has become one of the factors that caused the average price of crude palm oil (CPO) higher than the average prices of other vegetable oils at the global market. Such trend has been seen since October 2023.<\/p>\n","protected":false},"author":1,"featured_media":27806,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":70,"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-27805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\nGAPKI: Govt Policies Make CPO Less Competitive - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"The high supply still pressured the price of CPO. 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Palm oil excels in all aspects: Efficiency, Productivity, Versatility, and Price. JAKARTA \u2013 \u00a0Vegetable oils have long become an important part of human life, perhaps since time immemorial. Not only a source of fat in foods, the vegetable oils also play a significant role as raw materials in 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\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/08\/palmoil_biofuel_aprobi.jpg?fit=772%2C441&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21532,"url":"https:\/\/gapki.id\/en\/news\/2022\/06\/08\/gapki-5-factors-keep-palm-oil-business-growing\/","url_meta":{"origin":27805,"position":1},"title":"GAPKI: 5 Factors Keep Palm Oil Business Growing","author":"admin","date":"June 8, 2022","format":false,"excerpt":"JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Joko Supriyono said that there are five factors that indicate Indonesian palm oil business still has great prospects to continue growing robustly. First, there is still a big potential to increase domestic consumption. \u201cThe consumption of palm oil is categorized into\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\/06\/palmoil_komitmeniklim.id_.jpg?fit=661%2C453&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/06\/palmoil_komitmeniklim.id_.jpg?fit=661%2C453&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/06\/palmoil_komitmeniklim.id_.jpg?fit=661%2C453&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":21237,"url":"https:\/\/gapki.id\/en\/news\/2022\/03\/07\/russian-invasion-raises-palm-oil-price-at-home-and-abroad\/","url_meta":{"origin":27805,"position":2},"title":"Russian Invasion Raises Palm Oil Price At Home and Abroad","author":"admin","date":"March 7, 2022","format":false,"excerpt":"Palm oil has become the most expensive vegetable oil among the world\u2019s four main vegetable oils, as consumers have used it as a substitution to the sunflower. The palm oil has become the world\u2019s most expensive vegetable oil among the four vegetable oils as consumers have substituted sunflower with 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\/dir-site\/uploads\/2022\/03\/sawit_termahal_detik.com_-1.jpg?fit=1087%2C604&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/03\/sawit_termahal_detik.com_-1.jpg?fit=1087%2C604&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/03\/sawit_termahal_detik.com_-1.jpg?fit=1087%2C604&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/03\/sawit_termahal_detik.com_-1.jpg?fit=1087%2C604&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/03\/sawit_termahal_detik.com_-1.jpg?fit=1087%2C604&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":22322,"url":"https:\/\/gapki.id\/en\/news\/2022\/11\/15\/gapki-palm-oil-output-this-year-reaches-51-8m-tons\/","url_meta":{"origin":27805,"position":3},"title":"GAPKI: Palm Oil Output This Year Reaches 51.8m Tons","author":"admin","date":"November 15, 2022","format":false,"excerpt":"BALI \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Joko Supriyono said that Indonesia\u2019s palm oil production as of September 2022 reached 37 million tons, of which 22 million tons were exported. He said that total palm oil production this year until December 2022 is projected to reach 51.8 million\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\/11\/palmoil_tbs_musimmas.com_.png?fit=957%2C598&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/11\/palmoil_tbs_musimmas.com_.png?fit=957%2C598&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/11\/palmoil_tbs_musimmas.com_.png?fit=957%2C598&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/11\/palmoil_tbs_musimmas.com_.png?fit=957%2C598&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":28410,"url":"https:\/\/gapki.id\/en\/news\/2024\/08\/30\/growers-call-for-govts-policy-to-lift-palm-oil-competitiveness\/","url_meta":{"origin":27805,"position":4},"title":"Growers Call For Govt\u2019s Policy To Lift Palm Oil Competitiveness","author":"admin","date":"August 30, 2024","format":false,"excerpt":"Belitung Timur, Babel \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Eddy Martono underlined the importance of the government\u2019s policy to make Indonesia\u2019s palm oil products more competitive at the global market. 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":22159,"url":"https:\/\/gapki.id\/en\/news\/2022\/10\/21\/palm-oil-has-advantages-unmatched-by-other-vegoils\/","url_meta":{"origin":27805,"position":5},"title":"Palm Oil Has Advantages Unmatched By Other Vegoils","author":"admin","date":"October 21, 2022","format":false,"excerpt":"Jakarta \u2013 There are 17 kinds of vegetable oils\/animal fats available at the global market, which are used as edible oils or raw materials by food industries and feedstocks to produce biofuel and other non-food products. Data from the Palm Oil Agribusiness Strategic Policy Institute (PASPI) shows that four of\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\/10\/palmoil_oilpalm_economictimes.indiatimes.com_.jpg?fit=837%2C514&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_oilpalm_economictimes.indiatimes.com_.jpg?fit=837%2C514&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_oilpalm_economictimes.indiatimes.com_.jpg?fit=837%2C514&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/10\/palmoil_oilpalm_economictimes.indiatimes.com_.jpg?fit=837%2C514&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\/2024\/05\/cpo_palmoil_sawitkita.id_.jpg?fit=675%2C404&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/27805","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=27805"}],"version-history":[{"count":1,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/27805\/revisions"}],"predecessor-version":[{"id":27807,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/27805\/revisions\/27807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/27806"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=27805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=27805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=27805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}