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Indonesia palm output likely rose in Sept as harvest season starts - Reuters survey
October 18, 2016 / 5:31 AM / 9 months ago

Indonesia palm output likely rose in Sept as harvest season starts - Reuters survey

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By Fransiska Nangoy and Bernadette Christina Munthe
    JAKARTA, Oct 18 (Reuters) - Indonesia's crude palm oil (CPO)
output likely rose in September on the onset of the harvest
season, while a rise in exports was also seen, according to a
Reuters survey.    
    CPO production likely climbed by 2.4 percent to 2.9 million
tonnes, according to the median estimate in a survey of three
industry associations, a state palm research firm and one of
Indonesia's largest planters.
    There has been an increase in output for the fifth month as
production at the world's top producer of palm oil steadily
recovers from an after-effect of drought caused by the El Nino
weather pattern.
    "Production rose since impact from El Nino is lessening and
we entered harvest season in September," said Fadhil Hasan,
executive director, Indonesian Palm Oil Association (GAPKI). 
    The survey also showed that September exports of Indonesian
CPO were seen at 2 million tonnes, up 14.9 percent from a month
earlier. An increase in exports was helped by rising demand from
China, Hasan said, due to traditional festivals.
    Domestic consumption were seen between 926,700 tonnes to
1.033 million tonnes last month, compared to around 1 million
tonnes in August.
    Meanwhile, palm stock is seen rising slightly to 1.738
million tonnes from 1.7 million, the survey showed.
    Previous GAPKI numbers showed the country exported 2.07
million tonnes of palm oil and palm kernel oil in August. Its
September data is not yet available. 
    The September survey comprises responses from GAPKI, the
Indonesia Palm Oil Board, the Indonesian Oil Palm Research
Institute, and PT Sinar Mas Agro Resources & Technology Tbk
, one of Indonesia's largest listed palm oil companies.
   
    Below is a table of the median responses to the Reuters CPO
survey and GAPKI palm and palm kernel oil export data for
2015/2016 (in million tonnes). 
    
   Month    Output   Exports  Inventories  GAPKI export
                                               data
 September    2.900    2.000        1.738             --
 August       2.833    1.740        1.700           2.07
 July         2.802    1.875        1.875           1.60
 June         2.464    1.798        1.712           1.78
 May          2.188    1.919        2.100           1.76
 April        2.132    1.928        2.250           2.09
 March        2.150    1.895        2.592           1.74
 February     2.300    2.010        3.633           2.29
 January      2.440    2.005        2.025           2.10
 2015                                                   
 December     2.457    2.675        2.425           2.51
 November     2.800    2.093        2.950           2.39
 October      3.010    2.213        3.025           2.61
 September    3.100    2.235        3.050           2.34
 August       3.198    1.885        3.392           2.10
 July         2.856    1.920        3.200           2.09
 June         2.800    2.400        3.046           2.27
 May          2.774    2.150        2.540           2.22
 April        2.662    2.046        2.602           2.25
 March        2.397    1.800        2.667           2.03
 February     2.049    1.750        2.425           1.79
 January      2.056    1.658        2.413           1.81
 
 (Reporting by Fransiska Nangoy and Bernadette Christina Munthe;
Editing by Sherry Jacob-Phillips)

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