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Data Analysis

Decreased Production of Indonesian RBD Palm Oil affected Prices and Export Values in 2021

RBD Palm Oil
Vegetable Oil
RBD Palm Oil
Indonesia
Price Trend

Summary

The wholesale price of RBD Palm Oil in Indonesia escalated by +44.32% YoY. Indonesian Palm Oil price up to USD 1.38 per kg in W4 Dec 2021, which was USD 0.95 per kg in 2020. Less production led to the price of the Indonesian RBD palm oil surge in 2021. For that reason, the export value of RBD palm oil from Indonesia also increase. It was reflected in the first six months of 2021, Indonesian RBD palm oil export to the global market rose by 96% YoY. The significant increase destination was to China up to USD 1.78B export value in the first six months of 2021 from USD 611M in 2020.
Jan 5, 2022
By Putri Aisyah
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