Palm Oil Exports Remain Low in April 2022, Stocks Increase

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Vika Azkiya Dihni 27/06/2022 12:30 WIB

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The Indonesian Palm Oil Association (Gapki) stated that total Indonesian palm oil product exports in April 2022 reached 2.01 million tons, lower than the April 2021 export volume of 2.63 million tons.

Indonesia's Palm Oil Exports (April 2021 - April 2022)

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Palm Oil Exports Remain Low in April 2022, Stocks Increase

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Indonesia's Palm Oil Exports (April 2021 - April 2022)

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The Indonesian Palm Oil Entrepreneurs Association (Gapki) stated that Indonesia's total palm oil product exports in April 2022 amounted to 2.01 million tons. This figure is lower than April 2021's exports, which reached 2.63 million tons.

GAPKI Executive Director Mukti Sardjono stated that the low exports were due to the government's efforts to increase the domestic supply of cooking oil, because until April, cooking oil prices were still not as expected.

Gapki noted that Indonesia's palm oil exports decreased for destinations such as Pakistan, the United States, China, and India. Meanwhile, exports to the Netherlands, Russia, and Bangladesh increased in April 2022.

Along with the decrease in exports, GAPKI recorded an increase in palm oil and palm kernel oil stocks at the end of April 2022, reaching 5.68 million tons. In March 2022, palm oil stocks were 5.05 million tons and in April 2022, they were 3.39 million tons. (Note: There appears to be a discrepancy in the stock figures provided.)

The palm oil products exported in April 2022 were crude palm oil (CPO) at 55,000 tons, processed CPO at 1.63 million tons, crude palm kernel oil (CPKO) at 1,000 tons, processed CPKO at 69,000 tons, biodiesel at 10,000 tons, and oleochemicals at 319,000 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."

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Palm Oil Exports Remain Low in April 2022, Stocks Increase

Palm Oil Exports Remain Low in April 2022, Stocks Increase

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