9 Months - 2014 Corporate Earnings Indonesian Palm Oil Producers:

Company Net Profit – (Loss)
9 months 2014
  Growth
     yoy
Revenues
9 months 2014
  Growth
     yoy
Astra Agro Lestari   IDR 1.88 trillion   +107%   IDR 11.75 trillion    +41%
Austindo Nusantara Jaya   USD $20.0 million  +1005%   USD $127.4 million   +11.3%
Dharma Satya Nusantara   IDR 517.5 billion   +361%   IDR 3.73 trillion    +39%
Gozco Plantations   IDR 26.7 billion    +70%   IDR 365.5 billion   +38.1%
Jaya Agra Wattie   IDR 73.5 billion   +37.8%   IDR 621.4 billion   +35.9%
PP London Sumatra Indo.
  IDR 698.6 billion   +57.7%   IDR 3.5 trillion    +22%
Providend Agro   IDR 185.4 billion  +163.8%   IDR 801.2 billion   +68.1%
Salim Ivomas Pratama   IDR 557.3 billion   +226%   IDR 10.8 trillion   +13.3%
Sampoerna Agro   IDR 310.8 billion   +916%   IDR 2.48 trillion    +72%
SMART   IDR 1.2 billion   +38.7%   IDR 25.0 trillion   +49.3%
Tunas Baru Lampung   IDR 325.2 billion  +343.6%   IDR 4.5 trillion    +86%
Total   IDR 6.01 trillion   +155%   IDR 65.1 trillion    +40%

Various sources

The Trade Ministry of Indonesia confirmed that the export tax for crude palm oil will remain at zero percent in November 2014 as the average of international and local CPO prices is still below the USD $750 per metric ton threshold. When this average price exceeds USD $750 per metric ton, then Indonesia applies export tariffs for CPO exports.


Indonesian Palm Oil Production and Export:

    2007   2008   2009   2010   2011   2012   2013   2014¹
Production
(million metric tons)
  16.8   19.2   19.4   21.8   23.5   26.5    27.0    25.0
Export
(million metric tons)
   n.a   14.2   15.5   15.6   16.5   18.1    21.2    21.1
Export
(in USD billion)
   n.a   15.6   10.0   16.4   20.2   21.6    19.0    18.9

¹ indicates forecast
Sources: Food and Agriculture Organization of the United Nations, Indonesian Palm Oil Producers Association (Gapki) and Indonesian Ministry of Agriculture


Crude Palm Oil Production in Malaysia

Meanwhile, CPO stockpiles in Malaysia (the world’s second largest producer and exporter, after Indonesia) may decline 14 percent from 2.1 million tons in late September 2014 according to the Malaysian Palm Oil Board (MPOB). Main reasons for falling inventories are increased export demand as well as growing domestic food and fuel demand. The country’s palm oil reserves are expected to decline further for the remainder of the year as demand from China and India may pick up. Moreover, Malaysia recently unveiled a plan to boost the palm oil content of biodiesel from five to seven percent in a bid to lower CPO stockpiles and boost the price.

Malaysia produced 14.7 million tons of CPO in the first nine months of 2014 and is projected to produce around 20.5 million tons of CPO in 2015.


Further Reading:

Crude Palm Oil (CPO) Exports from Indonesia Sluggish on Weak Demand
Overview of the Palm Oil Industry in Indonesia

Bahas