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Jakarta Post

Price volatility, trade barriers to drag down CPO exports

  • Rachmadea Aisyah

    The Jakarta Post

  /   Fri, July 19 2019   /  02:30 am

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,” ...