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Indonesian palm oil exports give positive news, evidence of success downstreaming?

Published Jul 3, 2023

Tridge summary

Indonesia's exports of palm oil are now dominated by processed products rather than crude palm oil (CPO), according to the Executive Director of the Indonesian Palm Oil Association. The demand for palm oil is expected to continue growing, and it can be used in various downstream products such as margarine, hand sanitizers, detergents, and lipsticks. While there is still work to be done in downstreaming palm oil in Indonesia, exports to China and the European Union have seen significant increases, showcasing the continued global need for palm oil.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - Exports of Indonesian palm oil are now dominated by exports of processed products, no longer just crude palm oil (CPO). At the same time, it is predicted that world demand for palm oil will continue to grow. This was conveyed by the Executive Director of the Indonesian Palm Oil Association (GAPKI) Mukti Sardjono in Sawit Week 2023 CNBC Indonesia, 'Maintaining the Reliability of the Palm Oil Industry through Downstreaming', Monday (3/7/2023). Mukti said, speaking of downstreaming palm oil, palm oil is a raw material product. Which can be used for food raw materials, it can even be used to reach downstream products such as margarine, hand sanitizers, detergents, as well as lipsticks. "Actually, most of the exports are processed products. CPO is the result of initial processing of palm kernels into palm oil. In fact, most of the exports are in the form of RBD palm olein or palm stearin, which can be used directly into cooking oil (RBD palm olein). ," Mukti ...
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