Indonesia: Palm oil exports decrease, stocks increase

Published 2024년 6월 26일

Tridge summary

In April 2024, Indonesia saw a slight increase in Crude Palm Oil (CPO) and Palm Kernel Oil (PKO) production, but a decrease in domestic consumption and total exports, leading to an increase in the final stock of CPO and PKO. Specifically, CPO production rose by 0.32% to 4,115 thousand tons, while PKO production increased by 0.52% to 393 thousand tons. However, domestic consumption fell by 0.26% to 1,893 thousand tons. Total exports decreased by 14.94% to 2,178 thousand tonnes, with the largest decline seen in CPO exports to China, India, Bangladesh, Pakistan, and the Netherlands. Despite the decrease in total exports, there was an increase in exports to the USA, Spain, and Italy. The initial April stock of 3,300 thousand tonnes, together with production, domestic consumption, and exports, results in a final stock of 3,741 thousand tonnes, marking an increase of 13.36% compared to the previous month.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta (AGRINA-ONLINE.COM). In April 2024, CPO production reached 4,115 thousand tons or an increase of 0.32% from 4,102 thousand tons in March 2024. Likewise, PKO production rose around 0.52% from 391 thousand tons in March 2024 to 393 thousand tons in April 2024. According to Mukti Sarjono, Executive Director of the Indonesian Palm Oil Entrepreneurs Association (GAPKI), total domestic consumption in April decreased -0.26% compared to March 2024, namely from 1,898 thousand tons to 1,893 thousand tons. April consumption of food increased 4.28% to 862 thousand tons from 827 thousand tons in March. Oleochemical consumption rose slightly to 188 thousand tons from 187 thousand tons in March, while biodiesel consumption in April fell 4.67% to 842 thousand tons from 884 thousand tons in March. On the export side, he continued, total export performance in April decreased by 14.94%. Namely, from 2,560 in March to 2,178 thousand tons in April. The biggest decline in exports in April ...

Source: Agrina