July 3, 2019 / 4:44 AM / 20 days ago

Indonesia palm oil exports seen lower in May, stock rises -survey

    By Bernadette Christina
    JAKARTA, July 3 (Reuters) - Indonesia's palm output in May
likely rose from a month earlier, while exports declined,
according to a Reuters survey of industry groups and researcher.
    Palm oil output in Indonesia, the world's top exporter,
likely rose to 4.6 million tonnes in May, up from 4.42 million
tonnes in April, according to a survey of two palm oil industry
groups and a state palm oil research firm. 
    Exports of palm oil, used in products ranging from food to
soaps, were estimated at 2.80 million tonnes, down from 2.91
million tonnes a month earlier. Demand was "generally weak" in
May, resulting in the decline, one of the survey respondents
said.
    Domestic consumption was seen rising to 1.5 million tonnes
in May from 1.4 million tonnes in April.
    At the end of May, palm oil stocks were forecast at 2.81
million tonnes, compared to 2.51 million tonnes a month earlier,
the survey showed.
    Data from Indonesia's largest palm oil association GAPKI
showed March's exports at 2.78 million tonnes and palm
stockpiles at 2.43 million tonnes at the end of the month. 
    GAPKI's April data was not yet available.
        
   Survey results in million tonnes: 
 Month      Output   Exports  Inventories  GAPKI palm & kernel
                                           oils exports
 May          4.600    2.800        2.810                   --
 April        4.420    2.910        2.510                   --
 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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