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View all search resultsProducers anticipate lower CPO exports due to price volatility, barriers
Gapki’s data shows that CPO exports in April fell 18 percent month-to-month from 2.96 million tons in March. Meanwhile, in May 2.79 million tons of CPO were exported, a 14 percent increase from April.
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Workers harvest oil palm fruit at a plantation in Siak regency, Riau. (Antara/FB Anggoro)
The crude palm oil (CPO) industry is anticipating weaker export figures this year as commodity prices remain highly volatile and barriers from major destination markets are increasing.
The Indonesian Palm Oil Producers Association (Gapki) has said that CPO exports fell significantly in April because of restrictive policies.
Gapki’s data shows that CPO exports in April fell 18 percent month-to-month from 2.96 million tons in March. Meanwhile, in May 2.79 million tons of CPO were exported, a 14 percent increase from April.
Gapki executive director Mukti Sardjono mentioned several import restrictions, such as high import duties in India, the implementation of a biofuel directive by the European Union and a United States-China trade war.
“We expect to see a slight increase in CPO exports over last year [in terms of volume], but the value is likely to decrease because of its low price,” Mukti told The Jakarta Post via text message on Tuesday.
