Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Palm oil export volume up but price volatility sees value plummet

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Sat, May 18, 2019   /  06:36 am
The Jakarta Post Image
While crude palm oil (CPO) exports increased in volume, they lost a lot of value because of price volatility.(Shutterstock/File)

  The palm oil sector is taking a cautious stance toward its export outlook as a turbulent global economy and negative sentiment toward the commodity have taken a toll on palm oil prices.  Statistics Indonesia (BPS) said early this week that the drop in global palm oil prices contributed to the country's historic US$2.5 billion trade deficit in April, which was the largest monthly deficit since 2013.  The BPS noted that while crude palm oil (CPO) exports had increased in volume, they lost a lot of value because of price volatility. Its data shows that the country's CPO export value decreased 27.86 percent month-on-month to US$919 million from $1.27 billion in March. “The export value [of CPO] to a few countries improved, such as to China, but the value decreased in other countries like India, Pakistan, Bangladesh and Egypt. It decreased even furth...