Indonesian Palm Oil Exports to India and China Will Increase

By : Hariyanto And Aldo Bella Putra | Monday, November 13 2017 - 21:00 IWST

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

INDUSTRY.co.id - Jakarta - Indonesia hopes palm oil market in India and China will boost exports by the end of this year. Based on data from GAPKI, exports in September fell 7.5% to 2.76 million ton compared to August at 2.98 million ton.

Secretary General of GAPKI, Togar Sitanggang said the palm oil market is still continuing to wriggle due to lack of supply from other vegetable oils in the global market. India and China are continuing to replenish stocks of edible vegetable oils in their dwindling nations despite a fall in demand from China and India at 17.5% and 17% respectively.

"The import volume of the two main export destinations of palm oil in Indonesia is still high, each of which recorded demand in this September at 370.47 thousand tons and 650.75 thousand tons," said Togar.

On the other hand, some of Indonesia's palm oil export destinations recorded an increase in demand in September which was quite high, namely the Middle East countries rose by 26%, and Pakistan rose 9%. While in the EU countries only posted a rise in demand this September by 1%.

Meanwhile, the production of palm oil Indonesia (CPO and PKO) throughout September 2017 penetrates 4 million tons. This figure is the highest production figure during 2017 and this increase in production is an annual harvest cycle.

Throughout September 2017, Indonesia's palm oil production was 4.03 million tons, up 2% compared to last August at 3.95 million tons. (SI)

News Comment

Today's Industry

Ilustration Hackers (Photo by Microwire.info)

Jumat, 30 Oktober 2020 - 11:20 WIB

Organisations Paid Hackers US$23.5 Million for These 10 Vulnerabilities in One Year

HackerOne report reveals cross-site scripting, improper access control, and information disclosure top list of most common and impactful vulnerabilities.

Clean Earth Technologies (CET)

Jumat, 30 Oktober 2020 - 10:30 WIB

Clean Earth Technologies’ New Class Of Polymers Invented By Associate Professor, Justin Chalker, Receives Australian Pm’s New Innovator Award

Associate Professor Justin Chalker has invented a novel class of polymers synthesised directly from elemental sulphur which is a waste by-product of the petrochemical industry and renewable…

Adi Ikan - Network Research & Protection Group Manager, at Check Point Software Technologies (Photo by Linkedin)

Jumat, 30 Oktober 2020 - 10:05 WIB

Measuring the Global Impact of the NSA’s Top 25 Vulnerabilities Being Exploited In the Wild

NSA’s list of top vulnerabilities were used to launch 3 million attacks in 2020, with 2.5 million of those attacks occurring in the last 6 months.

Industrial Area Ilustration

Rabu, 28 Oktober 2020 - 08:40 WIB

CFLD Develop a Strategic Industrial Area which is Supported by Seven New Infrastructures

Segye ASEAN Forum 2020 which is a series of Indonesian and Korean Manufacturing Industry Partnership forum events held, was attended virtually by more than 500 executives from well-known manufacturing…

Hilton – Asia Pacific (Photo by Hilton Asia Pacific - Posts | Facebook)

Selasa, 27 Oktober 2020 - 15:40 WIB

Waldorf Astoria to Debut in Japan with Milestone Signing In Tokyo

Set to open in 2026, Waldorf Astoria Tokyo Nihonbashi to Offer Timeless Luxury and Unrivaled Service in Japan’s Cultural Capital.