The Palm Scribe

Indonesia fights for palm oil bargaining position

Bisnis Indonesia, 6 November 2018

The government will fight for Indonesia’s crude palm oil (CPO) bargaining position against Malaysia’s palm oil in the Council of Palm Oil Producing Countries (CPOPC) on Thursday (November 1). Industry Minister Airlangga Hartanto said that Indonesia is falling behind Malaysia, which has a close relationship with India, a dominant CPO importer. He explained that Malaysia has revoked CPO export duty, while India gives Malaysia early harvest facility, which causes Malaysia CPO price in India traded at lower price than Indonesia’s CPO.

He also said the government will encourage Malaysia to implement 10% biodiesel blend (B10) program and ask for the country’s commitment to applying 20% biodiesel blend (B20) program.

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