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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

09/04/2002

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

NULL

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HEADLINE

INDONESIA TARGETS 750,000 T PALM OIL SALE TO CHINA
JAKARTA, April 8 (Reuters) - Indonesia hopes to supply at least 750,000tonnes of palm oil to China this year following Beijing's increased importquota, a senior agriculture ministry official said on Monday.China has increased its import quota for palm oil to 2.4 million tonnesin 2002 from 1.4 million tonnes last year, following its entry into theWorld Trade Organisation (WTO)."There's a huge increase in Chinese demand for palm oil, reflected bythe increased quota. We are targeting to sell at least 750,000 tonnes toChina this year," Director General of Agriculture Products DevelopmentIskandar Andi Nuhung told reporters.Indonesia is the world's second largest palm oil producer afterMalaysia.Indonesia's exported 430,000 tonnes of palm oil to China in 2001,Nuhung said.China imposes quotas on edible oils to limit imports.Last week, China said it had issued the bulk of private firms' low dutyfarm import quotas including those for corn, wheat and edible oils.Nuhung said a number of Chinese palm oil importers would visitIndonesia soon to meet their suppliers and study the palm oil industryhere.President Megawati Sukarnoputri asked China to open its market to moreIndonesian palm oil products when she visited Beijing last month, headded.