May 30, 2018 / 9:13 AM / 5 months ago

Indonesia's April palm oil output seen rising to 3.65 mln T - Reuters survey

    By Bernadette Christina Munthe
    JAKARTA, May 30 (Reuters) - Crude palm oil production and exports from
Indonesia, the world's top producer, likely rose in April from a month earlier,
a Reuters survey showed on Wednesday.
    Output in April was forecast to rise to 3.65 million tonnes, from 3.34
million tonnes in March, according to the median of a survey of two industry
groups and a state palm oil research firm.
    Exports were also expected to have risen to 2.65 million tonnes in April,
from 2.50 million tonnes in the previous month. 
    Indonesian Palm Oil Association (GAPKI) said the country exported 2.40
million tonnes of palm and palm kernel oils in March, slightly down due to
exports restriction in top destination, India.
    Meanwhile, domestic use of the vegetable oil is expected to have edged
higher to 1 million tonnes in April, from 973,000 tonnes a month earlier.
    Meanwhile, the survey showed that Indonesia is likely to have palm oil stock
of 3.55 million tonnes by end-April. GAPKI estimated an end-March inventory of
3.65 million tonnes.
    The group's data for April is not yet available.  
    Below is a table of the median forecasts in the Reuters survey for CPO
output, exports and stockpiles, as well as the GAPKI palm and palm kernel oil
export data, going back to the beginning of 2017. (In million tonnes)
    
 Month      Output   Exports  Inventories  GAPKI palm & kernel
                                           oils exports
 April        3.650    2.650        3.550                   --
 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
 
 (Writing by Fransiska Nangoy, Editing by Sherry Jacob-Phillips)
  
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