PALMOILMAGAZINE, JAKARTA – In July 2023, the production of crude palm oil (CPO) amounted to 4.35 million tons, with palm kernel oil (PKO) production reaching 414 thousand tons, resulting in a combined total of 4.77 million tons.
Mukti Sardjono, the Executive Director of the Indonesian Palm Oil Association (IPOA / GAPKI), noted that this total production exceeded the production levels observed in June 2023, which stood at 4.42 million tons. In a year-on-year (YoY) comparison, the production saw a substantial increase of 17.4%, rising from 4.76 million tons Year to Date (YTD) in July 2022 to 32.06 million tons YTD as of July 2023.
Mukti also mentioned, total domestic consumption in July 2023 reached 1,75 million tons or lower 10,5% than June 2023 one which reached 1,96 million tons.
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“It happened for the lack of biodiesel use that reached 19,5% or 174 thousand tons from 893 thousand tons in June 2023 to be 719 thousand tons in June 2023,” Mukti said, as in the official statement to Palmoilmagazine.com, Friday (29/9/2023).
The same happened to oil food and oleochemical that decreased 3,1% and 2,6% for each. July 2023 oil food consumption reached 853 thousand tons and oleochemical consumption reached 185 thousand tons. “While June 2023, oil food consumption reached 880 thousand tons and oleochemical reached about 190 thousand tons,” Mukti said. (T2)
