July 6, 2018 / 3:01 AM / in 3 months

Indonesian palm oil exports dropped in May -survey

    By Bernadette Christina Munthe
    JAKARTA, July 6 (Reuters) - Exports of palm oil from
Indonesia, the world's top producer of the commodity used to
churn out items ranging from chocolate to shampoo, fell in May
from the month before, a Reuters survey showed. 
    Shipments declined to 2.60 million tonnes in May, from 2.65
million tonnes in April, according to the median results of a
survey of two industry groups and a state palm oil research
firm.
    Production climbed to around 3.75 million tonnes in May,
from 3.65 million tonnes in April, the survey showed. 
    The Indonesia Palm Oil Association (GAPKI) reported 2.22
million tonnes of exports in April, down nearly 14 percent from
a year earlier. Its figures often differ from numbers given by
respondents in the regular Reuters survey.

    GAPKI's data on May exports in not yet available. 
    Domestic use of the vegetable oil was seen at 989,900 tonnes
in May, compared to 1 million tonnes a month before, according
to the survey, which was carried over the last few weeks.
    Meanwhile, palm oil stocks were estimated at 3.68 million
tonnes at the end of May, up from 3.55 million tonnes at the
same time the month before.
    
 Month      Output   Exports  Inventories  GAPKI palm & kernel
                                           oils exports
 May          3.751    2.600        3.675                   --
 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
 2017                                      
 December     3.519    2.512        3.200                 2.62
 November     3.901    2.518        3.602                 2.64
 October      3.949    2.750        3.144                 2.60
 September    3.630    2.685        2.400                 2.76
 August       3.587    2.714        2.600                 2.98
 July         3.530    2.400        2.422                  2.4
 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
 
 (Reporting by Fransiska Nangoy
Editing by Joseph Radford)
  
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