Indonesia: Palm oil to Muslim countries

JAKARTA – Exporters of palm products express their gratitude because of the high demand for palm oil before the month of Ramadan. This can be seen from the purchase of palm oil in countries where the majority of the population is Muslim. Based on data from the Association of Indonesian Palm Oil Producers (GAPKI) as of February 2023, Bangladesh and Egypt have increased purchases of palm oil very significantly. It was recorded that purchases from Bangladesh reached 115 thousand tonnes, up 289% and Egypt (+81 thousand tonnes/+142%). “The request from these two countries is to meet the needs during Ramadan. Usually, the need for palm oil in Muslim-majority countries does increase,” said Mukti Sardjono, Executive Director of GAPKI. From the data of the World Population Review, the Muslim population in Bangladesh is 153 million people and in Egypt it reaches 90 million people. China also added purchases of palm oil to 287 thousand tons or an increase of 55%. Although, the total export ...