Indonesia's palm oil production exceeded the target in 2001

Introduction: Indonesia's crude palm oil production in 2001 was about 8 million tons, far higher than previously forecast, a senior official in the palm oil industry said Thursday, as new palm trees began to produce palm oil Indonesia, the world's second-largest palm oil producer, used to forecast 7.3 million tons of crude palm oil this year ]Nafis daulay, President of aimmi, the Indonesian edible oil association, claimed that Indonesia had exported 1.53 million tons of crude palm oil in the first 10 months of 2001, and its by-product equivalent to 2.18 million tons of crude palm oil He claims that about 2.8 million tons of crude palm oil were sold in the domestic market in the same period "Crude palm oil production in November and December was at least 1.4 million tons, so total crude palm oil production for the whole year will exceed 8 million tons," he told Reuters In the past, gapki predicted that Indonesia's palm oil production in 2001 was 7.3 million tons, higher than that in 2000, about 6.5 million tons But when he predicted the increase of palm oil production, he said that Indonesia's palm oil production in 2001 could not reach 8.5 million tons, and many local palm oil traders predicted that Indonesia's palm oil production would reach 8.5 million tons He claimed that the expected increase in palm oil production was due to the start of palm oil production in new plantations in Indonesia "Many of the palm trees planted before 1997 are now bearing fruit," he said Palm trees need at least three years before harvesting "In addition, the palm oil production environment is better than expected, such as reducing the loss of looting," he added Robbers have frequently attacked new palm plantations in the past four years Indonesia was hit hard by the Asian economic crisis in 1997, but the plantations' struggle against this theft has strengthened security He claimed that in 2001, the export volume of crude palm oil and its by-products reached 4.5-4.7 million tons, higher than that of 4.1 million tons in 2000 Due to the increase of domestic production and the improvement of palm oil prices in the international market, the export volume of crude palm oil and its by-products reached 4.5-4.7 million tons "Exports have soared since October because of good overseas demand," he said More than 40% of Indonesia's palm oil is exported to India, most of which is crude palm oil Crude palm oil accounts for more than 50% of Indonesia's palm oil exports The domestic consumption of crude palm oil increased from about 2.5 million tons in 2000 to 3.5 million tons in 2001, but it is far below the target consumption of 3.7 million tons "It's because people are not buying as much as they expected," he added In 2000, Indonesia consumed 2.1 million tons of edible oil, including 1.68 million tons of palm liquid oil and 420000 tons of coconut oil.