MARKET DEVELOPMENT
China may increase palm oil import quota
China may increase palm oil import quota
08.05.2018 (The Star Online) - BOGOR: China is open to increasing its import quota of Indonesian palm oil by at least 500,000 tonnes, Premier Li Keqiang said, speaking after a meeting with Indonesian President Joko Widodo at the country’s presidential palace in Bogor.
Li’s comment came at a joint news conference with Widodo before the Chinese premier travelled to Jakarta to visit the headquarters of Asean. The two countries also signed a number of memoranda of understanding, including on the construction of dams in Indonesia’s Sulawesi island and South Kalimantan province on Borneo.
China currently consumes five million tonnes of palm oil, said Li. — Reuters