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Jakarta Post

Indonesia's palm oil exports to India losing out to Malaysia

  • Riyadi Suparno

    The Jakarta Post

PREMIUM
Oslo   /   Mon, July 1, 2019   /  03:53 pm
The Jakarta Post Image
Palm oil exports to India fell 13 percent to 6.7 million tons in 2018 from 7.6 million tons in 2017 despite the increase in the country’s total palm oil export volume during the year.(Shutterstock/File)

Indonesia’s palm oil export volume has increased in the past two years, but exports to its biggest market, India, has been decreasing as it loses out to competition from Malaysia. Association of Palm Oil Producers (GAPKI) chairman Joko Supriyono said Indonesia needed to protect its market in India as it imports 20 percent of Indonesia’s palm oil. Indonesia is losing out to Malaysia because Malaysia enjoys lower tariffs. “As the issue is to do with tariffs, the industry cannot do anything. The government has to wake up and do something both for the short- and long-term. India is an important market and we have to protect our interests there,” Joko told The Jakarta Post on Sunday. According to GAPKI data, Indonesia’s palm oil export volume increased slightly to 32 million tons in 2018 from 31 million tons in 2017, while palm oil exports to India fe...