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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

20/05/2003

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

Asia Pulse

CATEGORY

HEADLINE

Indonesia to Export 42,000 Tons of Crude Palm Oil
MEDAN, May 19 - The Indonesian palm oil association Gapki said Indonesiawill start exporting 42,000 tons of crude palm oil [CPO] to Russia under acountertrade scheme between the two countries.

Implementation of the plan has to wait for the result of talks between theBoard of Logistics [Bulog] and the Russian authorities, Gapki chairmanDerom Bangun said.

Indonesia and Russia recently signed a countertrade agreement under whichIndonesia will export commodities, including CPO, to Russia and inexchange will import Russian Sukhoi jetfighter and other militaryequipment in a equal price.

Bulog has been named to facilitate exports to Russia.

(ANTARA)