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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

10/08/2005

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

AP

CATEGORY

HEADLINE

Indonesia Set to Export More Palm Oil to India Thi
09/08/05 NEW DELHI, (Asia Pulse) - Indonesia, the world's second largestpalm oil producer, is likely to export about two million tonnes of thecommodity to India this year, 11 per cent more than the 1.8 million tonneit shipped last year."We are expecting that exports to India this year will be about twomillion tonnes as compared to 1.8 million tonnes last year," Derom Bangun,chairman of Indonesian Palm Oil Producers Association, said on thesidelines of the India-Indonesia Joint Business Council meeting here.

Bangun, who is also chairman of the India Committee of the IndonesiaChamber of Commerce, said that they expect India's domestic palm oilproduction to be down this year on account of weather-related problems.

(PTI)