PALMOILMAGAZINE, JAKARTA — Indonesia’s palm oil export performance continued its upward trajectory in February 2026, supported by stronger global prices and improving shipment volumes.
According to the Executive Director of Indonesian Palm Oil Association, Mukti Sardjono, the export value of palm oil products reached US$3.69 billion in February, marking a 9.70% increase from US$3.36 billion recorded in January.
Cumulatively, export value for the first two months of 2026 rose significantly. From January to February, total exports reached US$7.05 billion, representing a 28.88% increase compared to US$5.47 billion in the same period of 2025.
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Mukti explained that the growth was not solely driven by higher export volumes but also by a favorable price trend in the international market. The average price for January–February 2026 stood at US$1,306 per ton (CIF Rotterdam), up from US$1,218 per ton during the same period last year.
On the supply side, the association also reported a slight decline in Indonesia’s palm oil stock levels toward the end of February 2026. Starting with an initial stock of 2.068 million tons, combined production of crude palm oil (CPO) and palm kernel oil (PKO) during the first two months reached 10.737 million tons.
Meanwhile, domestic consumption totaled 4.409 million tons, while exports reached 6.378 million tons. As a result, end-of-February stock levels were recorded at 2.026 million tons, lower than the 2.250 million tons reported in February 2025.
The decline in stock levels reflects stronger market absorption, both domestically and internationally, amid a more supportive global pricing environment. (P2)
