TheJakartaPost

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

Producers anticipate lower CPO exports due to price volatility, barriers

  • Rachmadea Aisyah

    The Jakarta Post

PREMIUM
Jakarta   /   Thu, July 18, 2019   /  03:13 pm
The Jakarta Post Image
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 th...