Until September 2017, Palm Products Demand is Still In Positive Trends

By : Hariyanto And Aldo Bella Putra | Friday, November 17 2017 - 21:00 IWST

kelapa sawit
kelapa sawit

INDUSTRY.co.id - Jakarta - Indonesian Palm Oil Entrepreneurs Association (GAPKI) said the demand for palm oil products from export destination countries still recorded growth as of September this year with an increase in demand from the Middle East by 26%, Pakistan 9%, and the EU 1%.

"Overall, the performance of palm oil exports is still in a positive trend with a total volume of 2.76 million tons," Gadki Secretary General Togar Sitanggang told reporters in Jakarta on Friday (17/11/2017).

The performance of palm oil exports, excluding biodiesel and oleo chemicals in September 2017 which decreased 7.5% on a month to month basis. However, the figure is still high when compared with the export trend throughout 2017.

On the other hand, the depletion of Indonesian and Malaysian palm oil stocks hoisted prices in global markets. During September 2017, the daily price of the commodity moved in the range of US $ 687.60 to US $ 760 per metric ton with an average price of US $ 724.9 per metric ton.

The average price during September 2017 was up 7% over the previous month at US $ 676 per metric ton.

"This shows that the palm oil market is still growing due to lack of supply from other vegetable oils in the global market.It is estimated that market demand will continue to increase in line with the low soybean production in South America, especially Brazil, because the region is still affected by weather conditions that interfere with crop yields," said Togar.

Meanwhile, domestic palm oil products reached the highest peak in September 2017 of 4 million tons. (imq)

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…