InfoSAWIT, JAKARTA – Indonesian Palm Oil Association (IPOA) reported that palm oil exports in September 2022 decreased 27% to be 3,18 million tons compared to August exports that reached 4,33 million tons. Derivative crude palm oil (CPO) exports decreased the most about 28% to be 2,14 million tons while in August they reached 2,97 million tons. CPO exports decreased 47% to be 427 thousand tons only.

Executive Director of IPOA, Mukti Sardjono said, for the decreasing exports, the September exchange reached US$ 3,26 billion or decreased 31,7% compared to August that reached US$ 4,79 billion. 

He also mentioned, besides the volume, the decreasing exchange happened for CPO which also got got cheaper from US$ 1.095/ton CIF Rotterdam in August to be US$ 1.048/ton CIF Rotterdam in September.

“Palm oil exchange to total exports decreased from 18% in August to be 15% in September,” Mukti said, as in the official statement to InfoSAWIT, Monday (21/11/2022).

According to the countries, exports to India in September decreased 424 thousand tons to be 661,8 thousand tons. But they were higher in September month on month to India that reached 300 thousand tons. The decreasing exports happened to European Union (EU) - 27 that reached 138 thousand tons from 506,8 thousand tons in August 2022 to be 368,3 thousand tons in September 2022 (-27,3%). (T2)