![[Sample!] PalmTrack—Indonesia-India Vessel Movement](https://images.squarespace-cdn.com/content/v1/5aa8dd09c258b49f01414e50/1638511675721-ZM9IY87PP3WNHZ8T0UL9/unsplash-image-lhIRch3qCls.jpg)
To give a feel of what has been going on on PalmTrack, here’s a sample article on Indonesia-India vessel movements:
Indian refiners are reportedly lowering their palm oil purchases, reducing their Nov 2021–Jan 2022 shipments, and making a switch towards sunflower and soybean oil imports instead. The steep rally in palm oil price has reduced its discount, giving way to rival oils.
India imports 13-15 million tonnes of palm oil a year, i.e. over 1 million tonnes a month. We had a preliminary look at tanker movements from Indonesia to India based on ship published origins and destinations (which is usually incomplete because not all vessels make full reports). This sample of tankers, covering an estimated 10% of total India monthly imports, largely originates from Riau and South Kalimantan and goes to Gujarat and Kerala. Top destination ports were Kandla (Gujarat), Vizhinjam, Cochin (Kerala), Haldia (West Bengal), and Mangalore (Karnataka).
Based on trade intelligence, we know the sample of tankers have been associated with major palm trader-processors and cargoes (YTD 2021); see text bubbles for key names. To review actual shippers and cargo, other datasets* can be reviewed.
We have further details for both arrival and departures by port/province/region, vessel tonnage, and granular information to jetties.
*It would also be useful to review customs info-data (not included in this summary). Please reach out to us at research@segi-enam.com.
research@segi-enam.com | 3 Dec 2021
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Khor Reports’ PalmTrack is an independent research service that tracks palm tanker movements and reports trade of palm products (and shipments, upon request) for selected trade routes. It features a forward-looking market topic and sharp analysis every quarter, e.g. palm biofuels issues & opportunities for Jan–Mar 2022. Subscribe now!