InfoSAWIT, JAKARTA -Based on the data from Oilworld in 2016, the global palm oil markets in every year increased about 11%. As same as the fast development of vegetable oil markets, it needs the stock from CPO too. The yield from palm oil is more than it from other kinds of vegetable oil.
The trend of palm oil usage produced by Indonesia also showed the increasing potential for the domestic country. The CPO in 2017 reached about 37,813 million tons and 70% were used for the material of CPO derivative industries which made the additional value for the economy nationally.
CPO derivative industrial development in the some last years was good enough because there were many new refinery industries (cooking oil factories) constructed in some regions. It needs stocks of CPO material from palm oil plantations. For example, in Sumatera, Java, and Kalimantan, there are new refineries there.
The good news is that the new refineries also make new derivative industries, such as, oleo-chemical in Sumatera and Java. The new oleo-chemical industries use the materials deriving from the side – product from refineries so kinds of CPO derivative products could be exported.
The others, 30% are used to export to fulfil the global demand on CPO because the world still needs it as the material for the derivative industries in their countries. The biggest CPO export was India. The country likes to buy CPO as the material for the refinery industries.
The refinery industries (cooking oil factories) in India have developed for too long and it needs material from CPO produced by Indonesia. Besides refinery, India also has CPO derivative industries, such as, oleo-chemical which uses the material from the side products of refinery industries.. (Director of PT Pegadaian Persero/Soenarso)
This article once published in InfoSAWIT June 2018