Indonesia Palm Oil Production To Rise 5 percent In 2019

The Indonesian Palm Oil Association predicted that the production of crude palm oil (CPO) in 2019 will grow 5 percent. In 2018, the palm oil exports (CPO and derivative products, biodiesel, and oleochemicals) posted an increase of 8 percent from 32.18 million tons (MT) of CPO in 2017 to 34.71 MT of CPO in 2018.

Significant increases were recorded by biodiesel, which amounted to 851 percent from 164.000 tons of CPO in 2017 to 1.56 MT of coal in 2018. The increasing was due after Indonesia winning cases of allegations of anti-dumping biodiesel by the European Union and the World Trade Organization.

The increase in exports was also followed by derivative products of CPO (refined CPO and lauric oil) by 7 percent, from 23.89 MT of CPO in 2017 to 25.46 MT of CPO in 2018. Moreover, oleochemical exports also recorded a 16 percent increase, from 970,000 tons in 2017 to 1.12 MT of CPO in 2018.