Despite The Prices Of Anjlok, Indonesia's CPO Is Still Running Best In Foreign Fields

JAKARTA Starting to slow down commodity prices recently did not affect global demand for this standard. The latest data was revealed by the Central Statistics Agency (BPS) in today's report.

Deputy for Distribution and Services Statistics BPS Setianto said Indonesia's crude palm oil (CPO) price was marketed at an average value of 1,026 US dollars per metric ton in August 2022. This figure is lower than July 2022 which amounted to 1,056.6 US dollars per metric ton.

Despite the price decline, Indonesia's leading commodity is increasingly being hunted by foreigners, which is reflected in export data from July of 2.2 million tons to 3.6 million tons in August.

"The export value of palm oil has increased due to the increase in volume," he said when giving an explanation to the media crew, Thursday, September 15.

Setianto added that the same thing happened to iron and steel commodities with export books of 1.35 million tons in August from the previous 1 million tons in July.

Meanwhile, the exports of all commodities in the August period were recorded at 27.9 billion US dollars. Meanwhile, for the full year (January-August 2022), exports are known to be 194.6 billion US dollars.

"August's exports grew 9.17 percent compared to July and grew 30.15 percent compared to August 2021," said Setianto.