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News Admin
 
Date
 17/07/2001
News Provider
 Mahamad Rodzi Abdul Ghani
News Source
 NULL
Headline
 Indonesia increases crude palm oil exports to Chin

Indonesia increases crude palm oil exports to ChinaJAKARTA, July 10 Asia Pulse - Indonesia is planning to increase its shareof the crude palm oil market in China to 45 per cent from 30 per cent bythe end of this year, an official said.Rosediana Soeharto, an expert staff of the Industry and Trade Minister,said China imported 1.4 million tons of CPO last year.In the first half of this year, China imported around 700,000 tons of thatcommodity. Malaysia accounted for 65 per cent and Indoensia for 30 percent of the supply to China.Rosediana said the industry and trade ministry will send a team to promoteIndonesia's CPO exports to China.She said in cooperation with Malaysia, the world's largest producer ofCPO, Indonesia plans to launch promotion campaign to increase CPO marketin the United States.Malaysia already launched world wide promotion campaigns including in theUnited States last month.Rosediana said CPO is not popular in the United States as the U.S.government seeks to restrict CPO import. The United States prefers soybeanoil.Based on data from the Indonesian cooking oil association, Indonesiaexported 680,000 tons of CPO in the first 5 months of this year. Lastyear, Indonesia's CPO exports totaled 1.9 million tons, up from 723,000tons in 1999.


ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
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