Sluggish Production, February 2022 Palm Oil Consumption Down 8.5%

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Vika Azkiya Dihni 21/04/2022 10:30 WIB

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Domestic palm oil consumption totaled 1.37 million tons in February 2022, an 8.5% decrease compared to January 2022's 1.5 million tons.

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

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Sluggish Production, February 2022 Palm Oil Consumption Down 8.5%

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

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With palm oil production still sluggish, domestic consumption of palm oil also recorded a decrease in February 2022.

The Indonesian Palm Oil Association (Gapki) noted that total domestic palm oil consumption amounted to 1.37 million tons in February 2022. This figure is down 8.5% compared to January 2022, which was 1.5 million tons.

The largest domestic consumption was for biodiesel, amounting to 710,000 tons in February 2022. This figure is down 3% from the previous month's 732,000 tons.

Meanwhile, consumption for food products was recorded at 489,000 tons, down 17.3% from the previous month's 591,000 tons. Gapki noted that biodiesel consumption exceeding that of food products has occurred since November 2021.

Meanwhile, consumption for oleochemicals in February 2022 was recorded at 178,000 tons. This figure is down 2.7% from 183,000 tons in January 2022.

(Read Also: Three Palm Oil Corporations Involved in CPO Corruption Case Also Produce Biodiesel)

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."