CPO demand surge in the Local Market

MEDAN- Demand of crude palm oil or crude palm oil in the local market continues to rise following the strengthening of export prices to survive or still above a thousand dollars per metric ton.

"The interest is high on CPO was seen from the continued sell
CPO in the tender CDE (Joint Marketing Office) PT.Perkebunan Archipelago. CPO offered for Rp8.179 per kg sold out on tender on 28 November 2011," said Treasurer of the Association of Palm Oil Indonesia (Gapki) of North Sumatra, Admiral Adiyaksa, in Medan, Thursday, December 1, 2011.

On November 28 the tender, the price of palm oil exports for December shipment is closed for 1045 dollars and 1045 dollars per metric ton in January 2012.

CPO prices today are at Rp8.179 per kg was a sizable increase of prices on November 1, which is still Rp7.761 per kg where export prices are lower or 1015 U.S. dollars per metric ton for shipment in December.

"Although the tender price rises, quite a lot of enthusiasts. All CPO are tendered in the CDE continues to sell," he said.

although not yet fully recovered, the selling price of CPO in the local and export Rp8.179 per kg 1045 U.S. dollars per metric ton was encouraging.

Initially employers worry anymore depressed prices because of the economic crisis in the United States and Europe are still underway, he said.

Prices rose was allegedly due to increasing demand from manufacturers for the purposes of year-end stock.

Usually the end of a long holiday so that manufacturers should strengthen its production stock.

CPO prices are also greatly influenced by the selling price of other vegetable oils such as soybean oil and the sun including the price of oil.

Head of the Central Statistics Agency (BPS) of North Sumatra, Suharno, say, the export value of fats and oils of animal / vegetable Sumatra through September rose significantly, or 37.39 percent compared to same period last year.

This year North Sumatra from the class of goods of foreign exchange has reached 3.507 billion U.S. dollars from last year are still 2.552 billion U.S. dollars, exports were the largest class of goods to China, India and includes the United States and Europe.

Exports of fats, oils of animal / vegetable that is the largest foreign exchange earnings in North Sumatra, which until the third quarter was 8.961 billion U.S. dollars.

Although the price of CPO exports tend to be depressed in recent months, but the income of that class of goods is quite high due to previous sales price is pretty good. (Ant/Eksp)