Indonesia exports over 36 million tonnes of palm oil in 2019
Indonesia exported a record 36.18 million tonnes of crude palm oil (CPO) and its products last year, from 34.71 million tonnes in 2018, according to data from the Indonesia Palm Oil Association (GAPKI).
Jakarta (VNA) – Indonesia exported a record 36.18 million tonnes of crude palm oil (CPO) and its products last year, from 34.71 million tonnes in 2018, according to data from the Indonesia Palm Oil Association (GAPKI).
Rising demand from China, the Middle East and African markets offset declines in demand from Indian and European markets, said GAPKI Chairman Joko Supriyono.
India, the world’s top CPO buyer, recorded the biggest decline among export destinations last year following higher import tariffs on Indonesian shipments compared to those from rival Malaysia.
Supriyono said Indonesia produced 47.1 million tonnes of CPO and 4.6 million tonnes of palm kernel oil last year. By comparison, the production of CPO and kernel oil stood at 43 million tonnes and 4.3 million tonnes in 2018, respectively.
By the end of 2019, Indonesia held about 4.6 million tonnes of palm oil stockpiles.
Supriyono said production growth in 2020 is expected to slow as drought and a cut in fertiliser usage last year will likely affect yield.
Indonesia can use 8.3 million tonnes of CPO to produce biodiesel, which may reduce heavily the amount of palm oil available for export, said GAPKI’s executive director Mukti Sardjono./.
President Joko Widodo laid out strategies that could bring about a competitive edge for Indonesia when the country faces pressures from other nations over its trade policies on palm oil and nickel.
The Malaysian Palm Oil Board said on its website on December 13 that the country plans to raise its export tax for crude palm oil for January 2020, for the first time in one-and-a-half years.
Indonesia is likely to use up 8.3 million tonnes of palm oil to meet domestic demand for biodiesel this year, rising concerns there won’t be enough palm oil left to export, according to the Indonesian Palm Oil Association, or Gapki.
Indonesia will start the trial use of 40 percent biodiesel (B40) fuel in March, as a follow-up to the successful implementation of 30 percent biodiesel (B30) fuel, according to the Indonesian Biodiesel Producers Association (APROBI).
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Palm fruits (Photo: www.checkout.ie) 
