Palm Oil Exports in 2021 from Indonesia Could be Decreasing

Doc. InfoSAWIT
Palm Oil Exports in 2021 from Indonesia Could be Decreasing

InfoSAWIT, JAKARTA – Palm oil production and exports from Indonesia in 2021 may be decreasing for the second year in a row. It happens for less fertilization and un-maximal nursery in many plantations.

Vice Chairman of Indonesian Palm Oil Association (IPOA), Togar Sitanggang said, palm oil exports for the second year in a row could be decreasing 0,34% in 2021 from the previous year,” Sitanggang said in webinar “Opportunities and Challenges for Palm Oil Producer Countries (OCOPOP)” that Council of Palm Oil Producer Countries (CPOPC) did conduct, and InfoSAWIT joined, Tuesday (23/11/2021).

Crude palm oil (CPO) exports from Indonesia could be decreasing 60,5% in this year compared to 2020. It happens for the main buyer- India chose processed products as the substitutes.

Sitanggang also mentioned, the decreasing exports happens for the decreasing CPO delivery. “India chose processed palm oil. The processed palm oil products increased 22,2% this year,” he said.

This is the second time that IPOA revised export prospects in 2021.

IPOA also predicted, total palm oil exports in October 2021 increased 1,2%, though there would be decreasing CPO exports in the same period about 54,4%.

CPO decreasing exports were the same with main exporter countries that stopped CPO exports. They increased added value - palm oil delivery. (T2)