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Jakarta Post

RI to grab larger CPO market share

  • Nani Afrida

    The Jakarta Post

Nusa Dua Bali   /   Sat, December 5 2009   /  01:40 pm

Indonesia's palm oil industry is set to increase its global market share next year as competitor Malaysia experiences a significant correction in output following the end of a high plantation cycle. "We predict Indonesia might take 50 percent of CPO *crude palm oil* market share in 2010," Dorab E. Mistry, director of London-based Godrej International Ltd., said Friday after the closing ceremony of the three-day Indonesian Palm Oil Conference (IPOC) in Bali. Indonesia is the biggest CPO producer in the world, accounting for 47 percent of world production. The country produced 19 million tons of CPO from 7.9million hectares of plantations last year, and is expected to produce 20 million tons this year and 22 million tons in 2010. "The high cycles of palm oil plantations in Malaysia is over and the production will severely decline," Mistry said, adding Malaysia was currently ...