JAKARTA –The decreasing demand of crude palm oil is suspected by the negative sentiment, made by International Monetary Funds (IMF) which is about to revise the global development in the second semester 2014. The importer countries, such as, India, Japan, China have prepared their stocks. Indonesia Palm Oil Businessmen Association (IPOBA) said so, Monday, (21/7/2014).

Executive Director of IPOBA, Fadhil Hasan thought, thhe decreasing Indonesian CPO exports is estimated for the decreasing demand of several CPO importer countries to soybean oil.

“In United States of America, for special, the decreasing demands happened for the large amount of soybean oil but in decreasing price,” Fadil said to InfoSAWIT.

He explained, the stock of soybean oil, according to Agriclture Department of USA, per August 31st, 2015, reached 415 millions bushel. It increased if it was compared to the stock in June which reaching 325 millions bushel.

But the price of CPO in Rotterdam on June was about US$ 825 – US$ 875 per metricwith the average price US$ 856 per metricton. It decreased about 4% if it was compared to May which reaching US$ 895,6 per metricton. On July, it would be stagnant,Ramadhan and the days before Ramadhan still do not increase the demand and the global price of CPO. (T3)