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Indonesia Palm Oil Prices Up On India News
calendar08-02-2005 | linkoilmandi.com | Share This Post:

2/7/05 Oilmandi - Indonesia physical palm oil prices higher today onexpectations of higher exports following India's decision to relax CPOimport rules. CPO in Medan at IDR3,280/kg vs IDR3,248/kg last week. "Thenews is very positive for the market," says trader in Jakarta. RBD PalmOlein at IDR3,650/kg vs IDR3,600/kg last week. Indonesia Palm OilAssociation, or Gapki, says Indonesia's CPO exports to India may increase25% to 1.2 million tons this year vs 960,000 tons in 2004 as India hasrelaxed beta-carotene content rules for imported CPO