The Palm Scribe

China’s CPO demand supports exports

Bisnis Indonesia, 24 April 2018
Institute for Development of Economics and Finance (Indef) Economist Bhima Yudhistira said that crude palm oil (CPO) demands from several Muslim countries and China’s economic growth that rose above expectations are predicted to boost CPO exports. CPO export growth reached 23% last year. Stable growth could reach 24% to 25% this year. It could be higher but a trade war issue might obstruct the growth, he told “Bisnis” on Monday (April 23). He predicted that CPO exports would increase in April and May due to Ramadan.

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