Domestic Palm Oil Consumption Increased by 9.4% in March 2022

Vika Azkiya Dihni 23/05/2022 16:30 WIB

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Domestic palm oil consumption in March reached 1.5 million tons. This represents a 9.4% increase compared to February 2022, when consumption was only 1.37 million tons.

Palm Oil Consumption in Indonesia (March 2021 - March 2022)

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Domestic Palm Oil Consumption Increased by 9.4% in March 2022

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Palm Oil Consumption in Indonesia (March 2021 - March 2022)

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The Indonesian Palm Oil Entrepreneurs Association (Gapki) recorded an increase in domestic palm oil consumption during March 2022.

Quoting Gapki's latest report, domestic palm oil consumption in March reached 1.5 million tons. This consumption level increased by 9.4% from February 2022, which was only 1.37 million tons.

Gapki noted that the largest increase occurred in food consumption, which rose by 29.8% to 635,000 tons in March 2022 from 489,000 tons the previous month. Meanwhile, consumption for oleochemicals fell slightly by 1.7% to 175,000 tons in March 2022. Consumption for biodiesel feedstock also decreased by 1.8% to 697,000 tons.

Palm oil production in March 2022 was recorded at 4.15 million tons, up 8.2% from the previous month. Meanwhile, palm oil exports fell by 3.8% month-on-month to 2.01 million tons in March 2022.

With these production, consumption, and export achievements, Gapki recorded palm oil stocks in March 2022 at 5.68 million tons. This stock increased by 12.5% from the previous month, which was 5.05 million tons.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."