July 23, 2019 / 8:36 AM / a month ago

Indonesia palm oil exports seen flat in June, output down -survey

    By Bernadette Christina
    JAKARTA, July 23 (Reuters) - Indonesia's palm output in June
is forecast to fall from a month earlier, while exports will be
flat, a Reuters survey of industry groups and researcher showed.
    Output of palm oil from Indonesia, the world's top producer,
likely edged lower to 4.54 million tonnes in June from 4.6
million tonnes in May, according to a survey of two palm oil
industry groups and a state palm oil research firm. 
    Exports of palm oil, used in various products from food to
cleaning products, were estimated at 2.80 million tonnes in
June, the same as in May, while domestic consumption was seen
rising to 1.6 million tonnes last month from 1.5 million tonnes
in May.
    At the end of June, domestic stockpiles of palm oil are
estimated at 2.95 million tonnes, the highest level this year
according to the survey.
    Data from Indonesia's largest palm oil association GAPKI
showed palm oil stockpiles at the end of May were at 3.53
million tonnes. GAPKI's June data is not yet available.

        
   Survey results in million tonnes: 
 Month      Output   Exports  Inventories  GAPKI palm & kernel
                                           oils exports
 June         4.539    2.800        2.949                   --
 May          4.600    2.800        2.810                 2.40
 April        4.420    2.910        2.510                 2.03
 March        3.950    2.930        2.400                 2.78
 February     3.800    2.880        2.733                 2.77
 January      3.600    3.045        2.853                 3.10
 2018                                      
 December     3.900    2.900        3.434                 2.95
 November     3.979    3.000        3.900                 2.99
 October      3.985    3.029        4.346                 3.14
 September    4.250    3.055        4.800                 2.99
 August       4.006    2.827        4.638                 2.99
 July         3.897    2.887        4.300                 2.81
 June         3.452    2.477        4.335                 2.29
 May          3.751    2.600        3.675                 2.14
 April        3.650    2.650        3.550                 2.22
 March        3.335    2.500        3.528                 2.40
 February     3.490    2.480        3.530                 2.37
 January      3.586    2.737        3.701                 2.74
 
 (Reporting by Bernadette Christina Munthe; writing by Fransiska
Nangoy; editing by Christian Schmollinger)
  
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