Section 1: CPO Price Trend:
Palm Oil Industry in 2018 and Its Prospect in 2019
Dr. Fadhil Hasan
Mohamad Fadhil Hasan is the Director of Corporate Affairs Asian Agri Group, and Board Member of the Indonesian Palm Oil Association. In addition, he is also member of the Committee for National Economy and Industry of Republic of Indonesia and Chairman of Indonesian Bank Central’s Supervisory Board (BSBI). Fadhil Hasan has more than thirty years experiences in conducting economic policy research and consultancy in macroeconomics, industries, and agricultural, both in government and private sectors.
He graduated from Bogor Agricultural University, earned an MSc from Department of Economics, Iowa State University, USA and finished his Ph.D program at the University of Kentucky, USA majoring in Agricultural Economics.
The presentation discusses palm oil industry in 2018 and its prospect in 2019 from perspective Indonesian palm oil industry. Price of CPO hit the lowest level in 2018 due the following factors; a. Production is higher than expected, while demand is weak, thus stock is abundant; b. Crude oil prices declining; c. Protective policy by importing countries; d. An increase in soybean production and a decline in its price; e. US-China trade war. However, price recovery is in the sight in 2019. How fast and to what extend this price recovery will take place is subject to several variable in and outside the industry such as, better implementation of B-20 program in Indonesia; lower stocks, elimination of Indonesia’s export levy, reduction of import tariff in India, trade war between US-China, and crude oil prices.
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