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CPO Exports in the First Quarter 2018 Decreased 2%



CPO Exports in the First Quarter 2018 Decreased 2%

InfoSAWIT, JAKARTA –According toIndonesian Palm Oil Association (IPOA), the crude palm oil (CPO) exports, including biodiesel and oleochemical from Indonesia in the first quarter 2018 decreased 2% compared to the same period in last year.

In the first quarter 2017, CPO exports from Indonesia reached 8,02 million tons, but in the first quarter 2018, the exports decreased to be 7,84 million tons.

If they are calculated, the decreasing exports happened to CPO and its derivatives only (not oleochemical and biodiesel) and they reached 3% (in the first quarter 2018) or to be about 7,5 million tons, compared to the same period last year reaching 7,73 million tons.

According toExecutive Director ofIPOA, Danang Girindrawardana, the decreasing exports happened for some factors, such as, the trade barrier in some countries, such as, Europe which published resolution and accused that palm oil is the factor of deforestation, India which increase the incoming tax for vegetable oil, United States of America which accuses antidumping biodiesel. “And China which tightens to monitor the imported vegetable oil,” he said in the official statement to InfoSAWIT, Thursday (24/5/2018).

When the exports decreased, palm oil production in Indonesia increased in the first period in 2018 reaching 24% or to be 10,41 million tons, compared to the same period in 2017 that reached 8,4 million tons.

He continued, the significant increasing production  happened for that in the first quarter 2017, it was the recovery from the draught in 2015. Besides the productive areas got more. “So the production keeps increasing though many plantations do replanting program,” Danang said. (T2)

 


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