InfoSAWIT, JAKARTA –In July 2017, according to Indonesian Palm Oil Association (IPOA) the biodiesel absorption drastically increased, about 248% or from 41 thousand tons in June to be 142 thosand tons in July. The increasing absorption was normal for in June, it was too late to make biodiesel tender distribution.

From the production, in July 2017, the CPO production reached 3,75 million tons or increased 13% compared to the previous month that reached 3,33 milliontons. The production increased because of El Nino 2016 had stopped. “The better production and the exports that are not too much influenced the stock of palm oil in the domestic, that reached 2,72 milliontons or increased 17% compared to June stock,” Executive Director of IPOA, FAdhil Hasan said in the official statement that InfoSAWITgot.

From the price, in August, the global daily CPO price increased compared to the July price. It was about US$ 652.50 – US$ 695 per metric ton within the average price US$ 676 per metric ton. (T2)