May 24, 2019 / 4:37 AM / 24 days ago

Indonesia palm oil output likely rose in April, while exports fell -survey

    By Bernadette Christina Munthe
    JAKARTA, May 24 (Reuters) - Indonesia's palm output in April
likely rose from a month earlier, while exports edged lower,
according to a Reuters survey of industry participants and
observers. 
    Palm oil output in top producer Indonesia likely rose to
4.42 million tonnes in April from 3.95 million tonnes in March,
according to a survey of two palm oil groups and a state palm
oil research firm. 
    Exports of the vegetable oil were estimated at 2.91 million
tonnes in April, down slightly compared to those in the previous
month. Domestic consumption was estimated at 1.4 million tonnes
last month, compared with 1.51 million tonnes in March. 
    At the end of April, palm oil stocks were pegged at 2.51
million tonnes, compared to 2.40 million tonnes a month earlier.
    Data from Indonesia's largest palm oil association GAPKI
showed March's exports at 2.78 million tonnes and palm stocks at
2.43 million tonnes at the end of the month. 
    GAPKI's April data was not yet available.
        
   Survey results in million tonnes: 
 Month      Output   Exports  Inventories  GAPKI palm & kernel
                                           oils exports
 April        4.420    2.910        2.510                   --
 March        3.950    2.930        2.400                 2.78
 February     3.800    2.880        2.733                 2.77
 January      3.600    3.045        2.853                 3.10
 2018                                      
 December     3.900    2.900        3.434                 2.95
 November     3.979    3.000        3.900                 2.99
 October      3.985    3.029        4.346                 3.14
 September    4.250    3.055        4.800                 2.99
 August       4.006    2.827        4.638                 2.99
 July         3.897    2.887        4.300                 2.81
 June         3.452    2.477        4.335                 2.29
 May          3.751    2.600        3.675                 2.14
 April        3.650    2.650        3.550                 2.22
 March        3.335    2.500        3.528                 2.40
 February     3.490    2.480        3.530                 2.37
 January      3.586    2.737        3.701                 2.74
 
 (Reporting by Bernadette Christina Munthe; Editing by Fransiska
Nangoy and Tom Hogue)
  
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