May 31, 2018 / 4:06 AM / 20 days ago

UPDATE 1-Indonesia's palm, palm kernel oil exports drop in April -GAPKI

 (Updates data with figures from the association that exclude
palm derivative exports)
    JAKARTA, May 30 (Reuters) - Indonesia's shipment of palm oil
and palm kernel oil, excluding  lauric oil, olechemical and
biodiesel, dropped 13.6 percent to 2.22 million tonnes in April
from a year earlier, the Indonesian Palm Oil Association (GAPKI)
said.
    Including lauric oil, olechemical and biodiesel, April's
exports stood at 2.39 million tonnes.
    "This is an unusual phenomenon, because usually prior to
Ramadan, palm oil demand from India increases, but not in this
year," GAPKI said in a statement, pointing to higher import duty
in India.
    Year-on-year, January-April exports to India declined 24
percent to 1.8 million tonnes from 2.37 million tonnes in 2017.
    In January-April, exports to the European Union also
declined 16 percent from a year earlier due to a negative
campaign and stocks of rapeseed, it said.
    Indonesia's palm oil stocks stood at 3.97 million tonnes by
the end of April, the group added, compared to 3.65 million
tonnes by end-March. 
    
    Here are GAPKI's palm and palm kernel oils exports:    
 Month       Volume     m/m      y/y
              (mln    percent  percent
             tonnes)  change   change
 2018                                 
 April*         2.22     -7.4    -13.6
 March          2.40     +1.3     -2.8
 February       2.37    -13.5     -6.3
 January        2.74      4.6      0.7
 2017                                 
 December       2.62     -0.8     -2.2
 November       2.64      1.5     -7.0
 October        2.60       -6      7.9
 September      2.76     -7.5     59.5
 August         2.98       24     44.0
 July           2.40       13     50.0
 June           2.13      -19     19.7
 May            2.62        2     48.9
 April          2.57        4     23.0
 March          2.47       -2     42.0
 February       2.53       -7     10.5
 January        2.72      1.5     29.5
 2017 Total    31.05                  
 2016 Total    25.09                  
 2015 Total    26.41                  
 2014 Total    21.76                  
 2013 Total    21.21                  
 2012 Total    11.54                  
 * Excludes lauric oil, olechemical and biodiesel

 (Reporting by Bernadette Christina Munthe
Writing by Ed Davies; editing by David Evans and Gopakumar
Warrier)
  
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