First-half contraction in palm oil output, exports due to ‘domino effect’: GAPKI

first_img“The main [cause of] the decline in production isn’t really COVID-19, but rather the domino effect of the palm oil price crash, which pushed down palm oil cultivation and fertilizer sales,” he said.Along with the decline in palm oil production the first half of 2020, exports fell 11.4 percent yoy to 15.5 million tons from 17.5 million tons, according to GAPKI data.“Global demand for palm oil products has declined significantly, which has affected our export performance. [This is] because countries are in lockdown, and we don’t know how long [the situation] will last,” Joko said.According to Statistics Indonesia (BPS), half-year palm oil exports fell 5.49 percent yoy to US$76.41 billion. The World Trade Organization (WTO) has forecast that global trade in 2020 will contract by 13 percent at best and 32 percent at worst amid the worldwide disruption caused by the pandemic.According to GAPKI data, palm oil exports to all major destinations had declined except for exports to India, the United States and Pakistan, which grew  23 percent, 7 percent and 1 percent, respectively.Meanwhile, domestic consumption of the commodity in the first half of 2020 posted a slight yoy increase of 2.8 percent to 8.6 million tons, mainly due to increased production of oleochemicals during the pandemic.Oleochemicals are chemicals derived from oils and fats of both vegetable and animal origins, and are processed into soaps, shampoos and detergents, as well as other consumer and industrial products, including sanitation and pharmaceutical products.Joko added that the market share of domestic consumption grew 37 percent compared to exports, due to high domestic demand“In June, the domestic market share for palm oil products reached an unseen level of 37 percent, as last year’s figure was around 30 percent. Hopefully, we can maintain our strong domestic market and attain equilibrium,” he said.Chairman Togar Sitanggang of the Indonesian Oleochemical Manufacturers Association (Apolin) said that oleochemical exports had spiked 24 percent yoy in the first half to reach 1.8 million tons for a total value of $1.3 billion.As demand for oleochemicals continued to rise, Apolin projected that full-year exports could reach 3.7 million tons with an estimated value of $2.6 billion, higher than last year’s figure of 3.2 million tons valued at around $2 billion.“Everyone has a sanitation product in their pocket [now], which has increased demand for oleochemical products and overall production. We also haven’t experienced any disruption thanks to the government, and no overseas orders have been cancelled,” Togar said.Topics : Indonesia, the biggest palm oil producer in the world, saw production and exports of the commodity contract in the first half of the year due to economic impacts of the pandemic as well as rolling impacts of drought and a price crash in previous years, the industry association has stated.The Indonesian Oil Palm Association (GAPKI) reported that half-year production of crude palm oil (CPO) and palm kernel oil (PKO) had declined 9.2 percent year-on-year (yoy) to 23.5 million tons.While the COVID-19 health crisis played a role in the decline in palm oil production, said GAPKI chairman Joko Supriyono, the palm oil price crash in 2018 and last year’s prolonged drought due to El Niño had a major effect on overall output.last_img read more

Juventus plan surprise bid to land Guardiola as Sarri’s replacement

first_img Loading… Juventus are reportedly preparing to pull off the most audacious of managerial coups by persuading Pep Guardiola to leave Manchester City and take the reins at the Allianz Stadium. Guardiola has looked out of sorts this season as Manchester City fell behind rivals Liverpool The big-spending Italians are said to be readying a ‘money-no-object’ package to bring Guardiola to Turin and offer the Spaniard his first foray in Serie A. Juve only appointed Maurizio Sarri in the summer but already harbour reservations and see Guardiola as the bigger picture, according to the Sun. Juve president Andrea Agnelli is said to be convinced Guardiola is the missing link to restoring the dominance of his side. As things currently stand Juve sit second in Serie A on goal difference, behind old rivals Inter Milan. Pep Guardiola is being linked with an audacious Juventus move to replace Maurizio SarriAdvertisement Read Also: Cristiano Ronaldo breaks Juventus goal record Inter, led by former Juve boss Antonio Conte, have spent heavily and are determined to get back among European football’s elite. Sarri stands at risk of being the manager responsible for blowing a record ninth Serie A title in a row. Guardiola’s current deal sees him bank in the region of £15million a year at City, though this season his side has been blown away by rivals Liverpool. FacebookTwitterWhatsAppEmail分享 center_img Promoted Content10 Of The Dirtiest Seas In The WorldThese Films Were Sued For The Weirdest ReasonsTop 7 Best Car Manufacturers Of All TimeBest Car Manufacturers In The WorldBest & Worst Celebrity Endorsed Games Ever Made7 Ways To Understand Your Girlfriend Better7 Universities In The World With The Highest Market ValueThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalA Hurricane Can Be As Powerful As 10 Atomic Bombs10 Risky Jobs Some Women Do6 Incredibly Strange Facts About Hurricanes2020 Tattoo Trends: Here’s What You’ll See This Yearlast_img read more

Nigeria draw bye in 2018 Women’s AFCON qualifiers

first_imgWomen’s AFCON Qualifiers (Full Fixtures)FIRST ROUND (First and Second leg: 26th February 2018 to 6th March 2018)Senegal vs AlgeriaLibya vs EthiopiaMorocco vs Ivory CoastSierra Leone vs MaliBurkina Faso vs GambiaCongo vs Central AfricaKenya vs UgandaLesotho vs SwazilandTanzania vs ZambiaNamibia vs ZimbabweSECOND ROUND (First leg & Second leg: 2nd to 10th April 2018)Senegal/Algeria vs Libya/EthiopiaMorocco/Ivory Coast vs Sierra Leone/MaliBurkina Faso/Gambia vs NigeriaCongo/Central Africa vs CameroonKenya/Uganda vs Equatorial GuineaLesotho/Swaziland vs South AfricaTanzania/Zambia vs Namibia/ZimbabweRelated2020 AWCON: Super Falcons Await Niger/Togo in Expanded QualifiersDecember 7, 2019In “Africa”CAF Reinstates Equatorial Quinea To Play In AWCON 2018November 8, 2018In “AWCON”AWCON : Nigeria, South Africa, Zambia Battle for Semi-Final SpotNovember 24, 2018In “AWCON” The Super Falcons of Nigeria will have just one hurdle to cross as they look to qualify for next year’s Women’s Africa Cup of Nations scheduled to take place in Ghana from 17 November to 1 December.Having been drawn bye into the second round of qualifying, the reigning African Champions will wait for the winners of the first round tie between Burkina Faso and Gamibia.The eight-time winners are one of four teams that have no part to play in the first round of qualifying. Others are; Cameroon, South Africa and two-time champions Equatorial Guinea.It is however surprising that Equatorial Guinea are being mentioned after they were banned from the 2018 and 2020 editions for fielding a player using fraudulent documents. They were disqualified from the 2016 edition for the same reason (HERE)In any case, Equatorial Guinea did appeal CAF’s decision at the Court of Arbitration for Sports in March this year (HERE). However, no further news have emerged to that effect.Twenty four teams have entered for the Women’s AFCON qualifiers which commences on the 26th of February, 2018. One more than in the last qualifiers that led to the 2016 edition. But most notably is the fact that Egypt, North Africa’s sole representatives in Cameroon, are missing in action this time.By the end of the qualification series, seven teams will join hosts Ghana in the final tournament.The 11th Women’s Africa Cup of Nations would also serve as qualifiers for the 2019 FIFA Women’s World Cup and will see the top three teams heading to France.last_img read more