InfoSAWIT, JAKARTA – According to Indonesian Palm Oil Association (IPOA), the crude palm oil (CPO) exports in September 2019 compared to August 2019, increased in every product, except biodiesel and the lauric oil.
The biggest decreasing export for biodiesel happened in China, the Southeast Asia countries, and other East Asia countries. But the biggest volume export by September 2019 (year to date) was dominated by China reaching 4,8 million tons.
It also happened in European Union reaching 4 million tons, the Southeast Asia countries and East Asia, besides China reaching 3,8 million tons, Africa reaching 3,7 million tons, and India reaching 3,3 million tons.
The biggest export volume in September 2019 was Africa reaching 687 thousand tons or about US$ 402 million, then China reaching 560 thousand tons (US$ 286 million), India reaching 481 thousand tons (US$ 238 million), and European Union reaching 315 thousand tons (US$ 155,6 million).
“Within the production, export, and consumption like those, the CPO stock in September 2019 decreased 2% compared to it in the previous months to be 3,73 million tons,” Executive Director of IPOA, Mukti Sardjono said as in the official statement to InfoSAWIT recently. (T2)