Jakarta (ANTARA) – Indonesia’s crude palm oil (CPO) production has shown signs of recovery with a consistent production hike in the past three months, the Indonesian Palm Oil Association (Gapki) reported.
CPO production stood at 3.85 million tons in July, rose to 4.38 million tons in August, and expanded further to 4.73 million tons in September, 2020, Gapki executive director Mukti Sardjono said in a statement issued here on Thursday.
“Year-on-year, the (CPO) production until September, 2020 was 4.7 percent lower than that of the same period of 2019,” he informed.
Domestic CPO consumption also increased consistently over the past four months, reaching 667 thousand tons in September, 2020 alone, he said.
On an annual basis, domestic CPO consumption in the year ending September 30, 2020 showed a decline of 15.8 percent compared to the year-ago period. Oleochemicals consumption also remained flat, he noted.
Oleochemicals consumption in September, 2020 stood at 151 thousand tons, about the same as that in August, 2020 and three thousand tons higher than in July.
Meanwhile, Indonesia’s exports of CPO and its derivatives rose three percent to 2.76 million tons in September, 2020 from 2.68 million tons the previous month, the association reported.
The growth in the export volume was caused by an increase in exports to countries, such as China, Brazil, Malaysia, Russia, and Africa, Sardjono said.
However, exports to the European Union and Pakistan declined, while exports to India remained unchanged at 351 thousand tons. (INE)