RBD Palm OLEIN curb of chunky 30-40% underplayed by IBs(RHB/AMI/MIB) and news (western Bloomberg/Reuters) for obvious self-serving purposes? Obviously blind to the simple math?
---1---Bloomberg: "Exports of crude palm oil and RBD palm oil will still be allowed, according to people familiar with the matter. RBD olein accounts for 30% to 40% of Indonesia’s total palm oil exports."
---2---Reuters: "According to Refinitiv Eikon, Indonesia exported an average of roughly 620,000 tonnes per month of RBD in 2021, compared to an average of around 100,000 tonnes of crude palm oil."
"According to data from Indonesia's palm oil association (GAPKI), exports of processed CPO in 2021 stood at 25.7 million tonnes, or 75% of total exports of palm products. CPO exports were 2.74 million tonnes in 2021, or 7.98% of the shipments.
In January and February this year, processed CPO exports were 3.38 million tonnes or 79% of exports, while CPO exports were 90,000 tonnes, 2% of the total shipped."
it's impossible to force all CPO produced from oil palm plantations to be processed into cooking oil for Indonesians consumption! d palm oil refineries in Indonesia will never b able to absorb all d CPO!
That's why they initially planned 20% to b for d refineries n 80% for exports!
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