PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 14 May 2024

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Indonesia, Malaysia to Stabilize Crude Palm Oil Pr
calendar10-12-2004 | linkAsia Pulse | Share This Post:

JAKARTA, Dec 8 Asia Pulse - Indonesian President Susilo Bambang Yudhoyonoand Malaysian Deputy Prime Minister Najib Tun Razak have agreed on theneed for bilateral cooperation in stabilizing the price of crude palm oil(CPO), an Indonesian official said here Wednesday.President Yudhoyono raised the issue on the CPO price because it wassomething that concerned both countries, Indonesian presidentialspokesman, Dino Patty Jalal, said.

Yudhoyono and Najib discussed the issue during a 30-minute meeting hereWednesday.

Indonesia and Malaysia are the world's largest CPO producers.

Asked about how CPO prices could be controlled, Dino said Indonesian andMalaysian trade ministers and officials will discuss the issue further.

He said Yudhoyono and Najib also discussed bilateral and regional issues,such as the deportation of illegal Indonesian migrant workers fromMalaysia.

Najib and Malaysian cabinet ministers arrived here Tuesday for a four-dayvisit.

(ANTARA)