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View all search resultsWhile recessions in some developed countries including Japan had caused a decline in Indonesia's fishery exports, the industry saw growth in exports to other markets and had an opportunity to capitalize on several potential markets, a fisheries ministry official said on Tuesday.
State-owned food holding company ID Food signed a partnership agreement with local blockchain firm D3 Labs on Oct. 3 to establish a blockchain-based fish exchange aimed at improving the efficiency and transparency of the country's fisheries markets.
Aquaculture in Indonesia produces more than twice as much fish as captured fisheries. This sector has surged, with production rising from 2.4 million tonnes in 2010 to 6.4 million tonnes in 2019.
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.
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