Indonesia has opened new palm oil export markets following restrictions by the European Union
RBD Palm Oil
Indonesia
Published Aug 24, 2023
Tridge summary
Indonesia is diversifying its palm oil export market to mitigate the impact of the European Union's trade restrictions on crude palm oil. The country has opened new markets, including China, where it has exported 8.1 million tons of palm oil in 2019. Russia also has the potential to become an export market, and China has offered to help overcome export constraints to Russia.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Reporter: Maria Gelvina Maysha | Editor: Khomarul Hidayat KONTAN.CO.ID - BANDUNG. Indonesia has carried out a strategy of diversifying its export market following restrictions on trade in crude palm oil (CPO) by the European Union. General Chairperson of the Indonesian Palm Oil Association (Gapki) Eddy Martono said Indonesia had opened new palm oil export markets, one of which was China. "We have done this by opening new markets. Yesterday's example in China was the same, we were invited by the Chairperson of the Chinese Chamber of Commerce and Industry, but specifically for imports of vegetable oil," said Eddy in the Gapki Journalist Workshop, Wednesday (23/8). Eddy said, the level of Indonesia's CPO exports to China has indeed increased every year. In fact, Indonesia has exported 8.1 million tons of palm oil to China in 2019. "They are the ones who asked us to raise it again for exports. Even if it needs to be increased above 8 million," he said. Apart from China, Russia also ...
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