CPO Prices Fall Another 0.6% in July 2022

Market

Lite

Dzulfiqar Fathur Rahman 23/08/2022 15:50 WIB

URL has been copied

Memuat...

Palm oil (CPO) prices fell 0.6% to US$1,056.64 per ton in July compared to the previous year, according to World Bank data.

Annual Growth of Palm Oil (CPO) Prices (January 2019–July 2022)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

CPO Prices Fall Another 0.6% in July 2022

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Annual Growth of Palm Oil (CPO) Prices (January 2019–July 2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Palm oil (CPO) prices continued to decline in July, in line with China's economic slowdown and India's planned reduction in CPO imports.

Based on World Bank data, CPO prices fell 0.6% to US$1,056.64 per ton in July from the previous year. This is the first annual contraction since September 2019.

Although still higher than usual, CPO prices are facing downward pressure amid China's economic slowdown, as it is one of the largest importers of this vegetable oil.

India, the largest importer, is adding to that pressure with its plans to reduce CPO imports. The South Asian country's government plans to open up more land for palm oil plantations.

Fitch Ratings, a credit rating agency, projects that CPO prices will fall further this year. The financial firm considers the potential for increased production from Indonesia behind its projection.

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."