InfoSAWIT, JAKARTA – Crude palm oil (CPO) production in January 2024 escalated to the previous month that reached 4.232 thousand tons or got escalated 5,91% from 3.996 thousand tons in December 2023. Palm kernel oil (PKO) production did increase about 5,91% from 380 thousand tons in December 2023 to be 402 thousand tons in January 2024.

Indonesian Palm Oil Association (IPOA) mentioned that the increasing production happened for more optimal harvest in January 2024 after many holidays in December 2023 that had something to do with harvest and production.

In contrary with the production, the January 2024 consumption totally decreased compared to December 2024. January 2024 consumption reached 1.942 thousand tons or 2,64% lower than it in December 2023 that reached 1.995 thousand tons.

“The decreasing consumption happened for three sectors, such as, food, oleochemical, and biodiesel. This was seasonal phenomenon because of Christmas and end year holidays in December,” Executive Director of IPOA, Mukti Sardjono said as in the official statement to InfoSAWIT, Friday (29/3/2024). (T2)