Reuters logo
Indonesia palm oil output, exports likely rose in July - Reuters survey
September 4, 2017 / 3:38 AM / 3 months ago

Indonesia palm oil output, exports likely rose in July - Reuters survey

    * Indonesia July CPO output likely 3.5 mln T vs. 3.2 mln T
in June
    * Exports likely 2.4 mln T in July vs. 2.2 mln T in June

    By Bernadette Christina Munthe and Fransiska Nangoy
    JAKARTA, Sept 4 (Reuters) - Indonesia's crude palm oil
output likely rose in July, a Reuters survey showed, as
production started to increase in line with the typical rise
that occurs at this point in the annual crop cycle. 
    Crude palm oil (CPO) production in Indonesia, the world's
top producer of the vegetable oil, likely rose to 3.5 million
tonnes in July, compared to 3.2 million tonnes in June,
according to the median estimate in a survey of two industry
associations and a state palm research firm. 
    Exports of Indonesian CPO were estimated to have risen in
July to 2.4 million tonnes, from 2.2 million a month earlier.
    The increase in exports is "in line with demand from India,
China and even from Europe, continue to increase", said Hasan
Hasril Siregar, a director at the Indonesian Oil Palm Research
Institute.     
    Domestic consumption likely declined to 848,500 tonnes from 
937,500 tonnes in June, according to the survey median. 
    Meanwhile, domestic stockpiles in July likely increased to
2.42 million in July from 1.30 million tonnes in the previous
month. 
    Indonesian Palm Oil Association (GAPKI) data showed the
country exported 2.13 million tonnes of palm oil and palm kernel
oil in June. The group's official July data is not yet
available. 
    The July survey included responses from GAPKI, the Indonesia
Palm Oil Board, and the Indonesian Oil Palm Research Institute. 
    Below is a table of the median responses to the Reuters CPO
survey and GAPKI palm and palm kernel oil export data going back
to 2015 (in million tonnes). 
    
   Month    Output   Exports  Inventories  GAPKI palm &
                                            kernel oils
                                              export
 July         3.530    2.400        2.422             --
 June         3.200    2.200        1.300           2.13
 May          3.375    2.375        1.094           2.62
 April        2.904    2.162        1.306           2.57
 March        3.078    2.093        2.300           2.47
 February     2.800    2.406        2.000           2.53
 January      2.949    2.214        1.475           2.72
 2016                                      
 December     3.218    2.382        1.886           2.68
 November     3.310    2.221        1.786           2.84
 October      3.064    2.225        1.945           2.41
 September    2.900    2.000        1.738           1.73
 August       2.833    1.740        1.700           2.07
 July         2.802    1.875        1.875           1.60
 June         2.464    1.798        1.712           1.78
 May          2.188    1.919        2.100           1.76
 April        2.132    1.928        2.250           2.09
 March        2.150    1.895        2.592           1.74
 February     2.300    2.010        3.633           2.29
 January      2.440    2.005        2.025           2.10
 2015                                                   
 December     2.457    2.675        2.425           2.51
 November     2.800    2.093        2.950           2.39
 October      3.010    2.213        3.025           2.61
 September    3.100    2.235        3.050           2.34
 August       3.198    1.885        3.392           2.10
 July         2.856    1.920        3.200           2.09
 June         2.800    2.400        3.046           2.27
 May          2.774    2.150        2.540           2.22
 April        2.662    2.046        2.602           2.25
 March        2.397    1.800        2.667           2.03
 February     2.049    1.750        2.425           1.79
 January      2.056    1.658        2.413           1.81
    

 (Editing by Christian Schmollinger)
  

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below