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Indonesia Record's World's Fastest Growth CPO Prod
calendar13-06-2005 | linkAP | Share This Post:

6/10/2005 Asia Pulse KUALA LUMPUR - Indonesia recorded the fastest growthin the production of crude palm oil (CPO) in the world in the past decade,Mihd Basri Wahid of the Malaysia Palm Oil Board (MPOB) said.

Indonesia's CPO production rose from 4.2 million tons in 1995 to 11.4million tons in 2004, Wahid said here on Wednesday.

Malaysia, however, still leads with CPO production reaching 13.9 milliontons, up from 7.8 million tons in 1995. Indonesia remains the secondlargest producer of palm oil.

Both countries accounted for almost 85 per cent of the world's CPOproduction in 2004.

In the past decade the world's production rose by 97 per cent.

Indonesia also recorded the fastest growth in exports, growing from 1.856million tons in 1995 to 10.194 million tons in 2004, but Malaysia stillmaintains the lead.