MARKET DEVELOPMENT
INDONESIA'S CRUDE PALM OIL EXPORTS RISE IN JAN-MAY
INDONESIA'S CRUDE PALM OIL EXPORTS RISE IN JAN-MAY
20/10/05 MEDAN, North Sumatra, (Asia Pulse) - Indonesia's exports of crudepalm oil and its processed products reached 3.940 million tons in theJanuary-May 2005 period, a businessman said.
"Until now India is still the main buyer of Indonesia's CPO and itsproducts, which reached 1.144 million tons in the January-May 2005period," Derom Bangun, chairman of the Indonesian Palm Oil ProducersAssociation (GAPKI), said here on Wednesday.
He further said that exports to India during the period were higher thanthat in last year's corresponding period reaching 871,000 tons.
India's demand for the Indonesian commodity has continued to increase.
Indonesia's CPO and its processed products are also exported to Europe andChina.