The Palm Scribe

Stronger US Dollar benefits palm oil industry

Investor Daily, 6 September 2018

Riau Governor Arsyadjuliandi “Andi” Rachman said on Wednesday (5 September) that the strong US Dollar against the Rupiah will bring benefits, such as higher profit, to Indonesia’s palm oil industry and other export-oriented industries. He added that Riau is now enjoying the current condition. However, Andi acknowledged that the stronger US Dollar will create negative impacts on import-oriented industries.

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