National Palm Oil Exports Rise 27.82 Percent This Year

By : Hariyanto And Aldo Bella Putra | Friday, September 29 2017 - 20:00 IWST

Pabrik Kelapa sawit (ist)
Pabrik Kelapa sawit (ist)

INDUSTRY.co.id - Jakarta - During the year, national palm oil exports reached US $ 21.50 billion, up 27.82 percent from last year's US $ 16.82 billion.

"The increase in prices in the second semester of this year is a driving force in the performance of palm oil exports this year," said Executive Director of Palm Oil Agribusiness Strategic Policy Institute (Paspi), Tungkot Sipayung in Jakarta, Friday (29/09/2017).

In the first semester of this year, the average price of crude palm oil (CPO) was only US $ 667 per ton. However, in the second half of this year, the price could potentially rise above US $ 700 per ton.

"National palm oil exports in both volume and value will strengthen in the second half of this year compared to the same period last year," said Tungkot.

He added that in the second half of this year, it will grow to 15 million tons, bringing total exports this year to 31.50 million tons and export value so far this year could reach US $ 21.50 billion.

Based on data from the Center for Data and Information Systems of Agriculture and Central Bureau of Statistics (BPS), the export of palm oil is in the first half of this year reached 16.15 million tons and worth US $ 10.63 billion.

The figure grew by 23.34% and 47.31% from 13.09 million tons in the same period last year and US $ 7.22 billion. Meanwhile, total exports of palm oil exports from January to December 2016 reached 28.49 million tons, valued at US $ 16.82 billion.

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…