InfoSAWIT, JAKARTA - Crude palm oil (CPO) production in September 2023 reached 4,14 million tons or increased about 7,5% from August 2023 production that reached 3,85 million tons. Palm kernel oil (PKO) production also increased to be 394 thousand tons from 366 thousand tons in August 2023 or increased 7,6%.

The total consumption in Indonesia per September 2023 reached 1,97 million tons or decreased 2,9% from August one that reached 2,03 million tons. The biggest decreasing consumption was in biodiesel from 956 thousand tons in August 2023 to be 924 thousand tons in September; then in food that was from 898 thousand tons to be 865 thousand tons. Oleochemical consumption increased to be 190 thousand tons in September from 183 thousand tons in August 2023.

Indonesian Palm Oil Association (IPOA) mentioned, that September 2023 total exports increased 29,9% to be 2,69 million tons from the previous month that reached 2,07 million tons.

They happened in CPO products from 1,24 million tons in August to be 1,96 million tons in September. PKO products exports also increased from 78 thousand tons August to be 130 thousand tons in September while oleochemical exports decreased from 416 thousand tons in August to be 333 thousand tons in September.

“The biggest decreasing exports were to China from 920 thousand tons in August to be 781 thousand tons in September while the exports to India also decreased from 744 thousand tons in August to be 352 thousand tons in September,” Executive Director of IPOA, Mukti Sardjono said, as in the official statement to InfoSAWIT, Tuesday (21/11/2023).

September 2023 stocks reached 3,23 million tons, the production reached 4,53 million tons, the consumption reached 1,97 million tons and exports reached 2,69 million tons. “The final stock in September 2023 reached 3,10 million tons or lower than August 2023 stock that reached 3,23 million tons,” Mukti said. (T2)