The Palm Scribe

Indonesia lobbies India over CPO

Kompas, 22 February 2019

Trade Minister Enggartiasto Lukita on the sidelines of the 4th India-ASEAN Expo and Summit in New Delhi, India, on Thursday (February 21) said Indonesia may suffer a significant decrease in crude palm oil (CPO) derivatives exports to India, considering that India raises CPO import duty to 44% from the initial 30% and CPO derivatives import duty to 54% from 40%. However, India applies a lower CPO import duty to Malaysia, Indonesia’s main rival in the CPO market. Indonesia will consider shifting some of its commodity imports to India as part of trade diplomacy.

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