Crude palm oil exports decline in Indonesia

July 29, 2018 |

In Indonesia, crude palm oil and its derivative products exports dropped for the first half of 2018 due to lower demand due to import tariffs. The Indonesian Palm Oil Producers Association Executive Director, Mukti Sardjono, told Xinhuanet that their data showed that the cumulative exports of the commodity by June edged off about 2 percent to 15.30 million tons. Sardjono attributed the decrease in palm oil exports to the decline of shipment to India and European Union.

The imposition of import tariff by India, and campaign on deforestation issues and scraping of policy in usage of food-based biofuel by the European Union have nudged and hemmed in the shipment of the crude palm oil and its derivative products to the nations, Sardjono told Xinhuanet. Exports to China, the U.S. Pakistan, the Middle East and Bangladesh increased however.

Category: Fuels

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