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Palm oil Exports from Indonesia in May 2018 Decreased 4%



Palm oil Exports from Indonesia in May 2018 Decreased 4%

InfoSAWIT, JAKARTA –The trade policy in United States of America that makes expensive incoming tariff fee to the products from China and China does the same, has influenced the commodity trade in the world.

The small numbers of soybean trade from China makes the abundant stocks of soybean in USA. On the other hand, China has prepared by piling up the domestic stock long days before the conflict started. The abundant stock of soybean in USA and the decreasing demands in the global markets make the price cheaper.

In the same time, the other stocks of other kinds of vegetable oil, such as, rapeseed, sunflower, and palm oil are abundant in some producer countries. The abundant stocks make the price cheaper.

In May 2018, the crude palm oil (CPO) exports, including, biodiesel and oleochemical decreased  3% or from 2,39 million tons in April to be 2,33 million tons in May.

Namely for CPO and its derivative, not biodiesel and oleochemical, the exports in May 2018 decreased 4% compared to April or from 2,22 million tons in April to be 2,14 million tons in May.

“The decreasing exports may be influenced by the abundant stocks of other kinds of vegetable oil in the global markets so the cheaper price would not influence the demand,” Executive Director of Indonesian Palm Oil Association (IPOA), Mukti Sardjono said in the official statement toInfoSAWIT, Monday (10/7/2018). (T2)

 


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