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

Kementan dan teknologi iradiator

Sabtu, 22 September 2018 - 21:30 WIB

Ministry of Agriculture Utilizes Gamma Iradiator Technology to Encourage Fresh Fruit Exports

South Tangerang - Indonesia as a tropical country has quite high fruit variants. Every region in the country has superior products and has been planted on a fairly large scale. In addition to…

Mentan Amran

Sabtu, 22 September 2018 - 21:00 WIB

Optimistic Minister of Agriculture Indonesia Can Have the Best Training Center in the World

Lembang - Agriculture Minister Andi Amran Sulaiman made a working visit to the Lembang Agricultural Training Center (BBPP) on Thursday (9/21). During this visit, Amran called on the employees…

Mentan Andi Amran Sulaiman, Menteri BUUMN Rini Soemarno, Menteri Desa PDT (Foto Humas)

Sabtu, 22 September 2018 - 20:30 WIB

Take Good Care of Agricultural Production, The Performance of the Minister of Agriculture Amran Asked not to be disturbed

Jakarta - Minister of Agriculture (Minister of Agriculture) Amran Sulaiman is considered to have demonstrated maximum work in maintaining the stock of food availability. Production in the agricultural…

Kepala (BPPSDMP) Kementan Momon Rusmono

Sabtu, 22 September 2018 - 20:00 WIB

Ministry of Agriculture Affirms the Commitment of Farmers' Welfare in the Main Meeting of the KTNA Group

Pangkal Pinang - Ministry of Agriculture affirms its commitment to encourage national food productivity to improve farmers' welfare. The existence of farmer groups is very important to empower…

Jaksa Agung, HM Prasetyo

Sabtu, 22 September 2018 - 19:30 WIB

AGO Appreciates Lombok's Earthquake Fund OTT

Jakarta - Attorney General Muhammad Prasetyo appreciated the performance of the Mataram District Prosecutor's Office, West Nusa Tenggara, who carried out the Lombok earthquake fund capture operation…