Wednesday 17 June 2015

Indicator Y L2283 - Indonesia Palm Oil From Reuters survey

Here may be an old news released by Thomson Reuters on the Indonesia Palm Oil on 16/6/2015 but it is good to take some important figures and excerpts for future reference, and a big thank you to Thomson Reuters in releasing such important fundamentals:

* Indonesia produced 2.77 mln tonnes CPO in May - median estimate
* Output, exports seen at highest since at least August

... In related news, Indonesia, the world's top exporter of the edible oil, has delayed the implementation for its planned levy on CPO exports to July 1 from June 15. The survey pegged Indonesian palm stocks at 2.54 million tonnes for May, compared with 2.602 million in April. Domestic consumption was estimated to range between 500,000 and 700,000 tonnes. The Indonesian Palm Oil Association (GAPKI) publishes monthly data provided by a professional surveyor, which showed April exports at 2.254 million tonnes. 
   The Reuters survey includes contributions from the Indonesian Palm Oil Board, GAPKI, the Indonesian Vegetable Oil Industry Association and PT Sinar Mas Agro Resources & Technology, one of the largest listed palm companies. 

Below is a table of median Reuters CPO survey results and GAPKI palm & kernel oils export data for 2014/2015  (forecasts in million tonnes).    
Month      Output   Exports   Inventories   GAPKI export data
 
 May        2.774    2.150       2.540          ----
 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
 ---------------------------------------------------
 December   2.165    1.837       2.325          1.97
 November   2.306    2.100       2.225          2.26
 October    2.385    1.820       2.378          2.47
 September  2.675    1.750       2.500          1.70
 August     2.750    1.720       2.575          1.72