MPOB Palmnews
 
Date
 09/11/2001
News Provider
 Mahamad Rodzi Abdul Ghani
News Source
 NULL
Headline
 Indonesia sends trade mission to promote its palm

JAKARTA, Nov 6 (Asia Pulse) - A 40 member Indonesian trade missionrepresenting 23 crude palm oil (CPO) companies will leave Thursday forChina in a bid to increase exports to the country.Rosediana Suharto, an expert staff of the industry and trade minister,said Monday the mission will meet with 300 Chinese business leaders fromthe China National Vegetable Association.Rosediana said the mission is important as the Chinese will bedisappointed as they altready knew the plan.Derom Bangun, the chairman of the association of CPO companies, said Chinais a highly potential market for CPO and olein especially after its entryto the World Trade Organization.China imports around 1.1 million tons of CPO a year and the imports couldrise to 1.5 million tons after the quota system is removed by thatcountry, Bangun said.Indonesia has a only a quota share of 300,000 tons but hopes to have alarger share of the Chinese market after the removal of the quota system.Malaysia dominates the CPO market in China.