InfoSAWIT, JAKARTA - Total palm oil exports in April 2023 compared to March 2023 decreased 500 thousand tons (-19,2%). It was dominated by crude palm oil (CPO) exports that decreased 36,3%, derivative products of CPO decreased 15,6%, derivative products of PKO decreased 36,2%, oleochemical decreased 12,0%, and biodiesel decreased 73,9%.

Indonesia Palm Oil Association (IPOA) reported that from the goal countries, exports to China decreased 315,3 thousand tons, from 647,7 thousand tons to be 332,4 thousand tons (-48,7%), palm oil exports also decreased to African countries (not Egypt) that reached 143 thousand tons from 302,8 to be 197,3 thousand tons (-47,3%), to India decreased 99 thousand tons from 252,1 to be 160,1 thousand tons (- 36,5%) and to USA decreased 59 thousand tons from 198,4 to be 139,5 thousand tons (-29,7%).

“April export volume could be the lowest since February 2022 except May 2022 when exports were banned. But year on year, total exports by April 2023 were higher 19,9% than those in 2022,” Executive Director of IPOA, Mukti Sardjono said, asin the official statement to InfoSAWIT, Thursday (15/6/2023).

The decreasing export volume was the same as the cheap CPO from US$ 1.031/ton CIF Rotterdam in March to be US$ 1.025/ton in April, CPO product exports also decreased from US$ 2.420 million in March to be US$ 1.961 million in April which were the lowest numbers for the past 11 months.

“Compared to 2022 until April 2022, export value until April 2023 would be 23,0% lower,” Mukti said. (T2)