Palm oil boss says China wants to buy Indonesian CPO

Jakarta, CNBC Indonesia - Chief of the Indonesian Palm Oil Producers Association (Gapki) Eddy Martono revealed that China intends to increase purchases of palm oil, including crude palm oil (CPO) from Indonesia. This, he said, was revealed when his party was invited by the Chairman of the Chinese Chamber of Commerce and Industry (Kadin). "We have done this by opening new markets. Yesterday's example in China was the same as we were invited by the Chairman of the Chinese Chamber of Commerce, but specifically for imports of vegetable oil," said Eddy, as quoted Thursday (24/8/2023). This, he added, is a step towards diversifying the Indonesian palm oil market. Currently, one of them is facing pressure due to being tripped up by the European Union. Eddy revealed that Indonesia's CPO exports to China have increased every year. In fact, Indonesia exported 8.1 million tonnes of palm oil to China in 2019. "They are the ones asking us to increase their exports even more. If necessary, ...