JAKARTA – Near Ramadhan, Indonesian CPO and the derivatives decreased. It decreased 23% from 1,79 millions of tons in March to be 1,38 millions of tons in April.

Executive Director of Indonesian Palm Oil Businessmen Association, Fadhil Hasan said, the economy and the policies to use natural oil in the aimed countries had decreased Indonesian CPO exports. The speculation of El Nino storm could not increased the export.

“Most of the aimed countries booked the significant decreasing, except United States,” he said in his press conference to InfoSAWIT, Friday (16/5/2014).

He explained, China had reduced to buy CPO and the derivatives for more than 144  thousands of tons (51%) than the previous month, that was 281 thousands to be 137 thousands of tons.“Beside that the traders also found difficulties to get loans from the banks for the little trust to get new loans,” he said.

He continued, it got worse by the low exchange rate of Yuan to United States’ dollar. So Chinca canceled to buy other kinds of natural oil, such as, the postpone of some numbers of contracts to buy  soybean from United States.

Volume export to India also decreased from 412 thousands of tons in March to be 353 thousands of tons in April (14%). It happened for the increasing inflation and the decreasing Rupee exchange. CPO and derivatives to Pakistan also decreased 29% than the last month from 174 thousands of tons to be 123 thousands of tons.

“Pakistan decreased its demand for the prohibition to do import of cooking oil and fatty acid in drum and the import limit in big scale to the industries, such as, soap and oleochemical industries for it was rumored to do illegal CPO imports,” Fadhil mentioned. (T3)