Indonesia’s Palm Oil Exports Increased 3% in SeptemberThursday, November 26, 2020
Indonesia’s exports of crude palm oil (CPO) and its derivatives rose three percent to 2.76 million tons in September this year from 2.68 million tons in August, the Indonesian Palm Oil Association (Gapki) reported. The growth in the export volume was due to increases in exports to countries, such as China, Brazil, Malaysia, Russia, and Africa, Gapki executive director, Mukti Sardjono said in a statement on November 12.
Although exports to most African countries declined, Mukti said, there was a sharp increase in exports to Kenya (61,000 tons) and South Africa (33,000 tons). There was also a decline in exports to the European Union and Pakistan, while exports to India remained unchanged at 351,000 tons.
Exports of CPO in September were recorded at 518,000 tons (up 8,000 tons), processed CPO at 1.76 million tons (up 47,000 tons), lauric (PKO and PKO processing) 159,000 tons (up 35,000 tons), biodiesel 7,000 tons, and oleochemicals 313,000 tons (down 18,000 tons). Meanwhile, the export value of palm oil products and their derivatives in September totaled US$1.87 billion, an increase of 10 percent compared to August, when the figure stood at US$1.69 billion.