Indonesia Jan palm output down for second month -Reuters survey

By Fransiska Nangoy

JAKARTA, Feb 24 (Reuters) - Indonesia's crude palm oil (CPO)

output likely declined in January, a second straight monthly

drop in the world's top producer of the widely used commodity, a

Reuters survey showed.

CPO production in the Southeast Asian nation likely slipped

to 2.95 million tonnes in January from 3.22 million tonnes in

December, according to the median estimate in a survey of three

industry associations and a state palm research firm.

Exports of Indonesian CPO were estimated to have also

declined in January to 2.21 million tonnes from 2.38 million

tonnes a month earlier.

Indonesian Palm Oil Association (GAPKI) data showed the

country exported 2.68 million tonnes of palm oil and palm kernel

oil in December. The group's January data is not yet available.

Consumption in Indonesia was seen between 800,000 and

947,000 tonnes, while the survey median showed domestic palm

stocks at 1.475 million tonnes.

The January survey comprises responses from GAPKI, the

Indonesia Palm Oil Board, the Indonesian Vegetable Oil Industry

Association and the Indonesian Oil Palm Research Institute.

Below is a table of the median responses to the Reuters CPO

survey and GAPKI palm and palm kernel oil export data for

2015/2016/2017 (in million tonnes).

Month Output Exports Inventories GAPKI palm &

kernel oils

export

January 2.949 2.214 1.475 --

2016

December 3.218 2.382 1.886 2.68

November 3.310 2.221 1.786 2.84

October 3.064 2.225 1.945 2.41

September 2.900 2.000 1.738 1.73

August 2.833 1.740 1.700 2.07

July 2.802 1.875 1.875 1.60

June 2.464 1.798 1.712 1.78

May 2.188 1.919 2.100 1.76

April 2.132 1.928 2.250 2.09

March 2.150 1.895 2.592 1.74

February 2.300 2.010 3.633 2.29

January 2.440 2.005 2.025 2.10

2015

December 2.457 2.675 2.425 2.51

November 2.800 2.093 2.950 2.39

October 3.010 2.213 3.025 2.61

September 3.100 2.235 3.050 2.34

August 3.198 1.885 3.392 2.10

July 2.856 1.920 3.200 2.09

June 2.800 2.400 3.046 2.27

May 2.774 2.150 2.540 2.22

April 2.662 2.046 2.602 2.25

March 2.397 1.800 2.667 2.03

February 2.049 1.750 2.425 1.79

January 2.056 1.658 2.413 1.81

(Reporting by Fransiska Nangoy; Additional reporting by

Bernadette Christina Munthe; Writing by Fergus Jensen; Editing

by Tom Hogue)