China could import 500,000 tons more palm oil annually from Indonesia

May 7, 2018 |

In Indonesia, Reuters reports that China’s premier said his country is open to increasing the quota on imports of palm oil by 500,000 metric tons. Of the total 5 million tons of palm oil China consumed last year, 3.73 million tons came from Indonesia. With the EU looking to potentially ban palm oil for biodiesel post-2021, increased exports to China could help to offset the expected drop off in European demand. Indonesia is a preferred origin for China’s tropical products imports

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