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View all search resultsCoal and crude palm oil are the country’s key export commodities, accounting for 18.77 percent and 12.14 percent of total exports from January to November last year, according to Statistics Indonesia (BPS).
China have signed a US$2.6 billion worth of commitment to purchase crude palm oil (CPO) and its derivative products from Indonesia, allowing the archipelagic country to secure a trade boost from its number-one trading partner amid global recession.
Indonesian palm oil producers are optimistic they can overcome the challenges presented by China and India’s transition toward sustainability, as experts stress the importance of having the country’s local sustainability standards recognized globally.
Palm farmers have expressed hope that low prices of fresh fruit bunches will start to rise significantly on the back of extended CPO export levy waiver, but warned that the policy will be in vain if regulations are poorly implemented.
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