Indonesia considers stop on all palm oil exports to EU

May 27, 2018 |

In Indonesia, the government is considering a stop on all palm oil exports to the European Union altogether, depending on results of a current study that looks at the impacts of doing so and based on their growing exports of palm oil to countries in Africa, the Middle East and China.

The council has commissioned several research institutions and universities to help produce its research, which is expected to be completed by the end of the year at the latest.

Indonesia shipped out the highest value of palm oil ever in 2017, contributing to the year’s $12 billion trade surplus, with huge increases in Africa, the Middle East and China. “When we talk about the importance and significance of the EU on palm oil, this is the reality, which means the worst scenario can lead to a situation that palm oil can live without the EU. The question is of course whether the EU can live without palm oil,” Mahendra Siregar, executive director of the Council of Palm Oil Producing Countries told Jakarta Globe.

 

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Category: Policy

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