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CPO Exports from Indonesia to India andEurope Decreased



CPO Exports from Indonesia to India andEurope Decreased

InfoSAWIT, JAKARTA – According to Indonesian Palm Oil Association (IPOA), during the first semester 2018, the crude palm oil (CPO) and its derivative exports from Indonesia to the main export countries were not good, namely, India.

The exports in the first semester to India significantly decreased reaching 34% compared to the exports in the same period in last year, that was, from 3,74 milliontonsin thefirst semester 2017 to be 2.50 milliontonsin thesame periode this year. “The decreasing exports to India happened for the expensive incoming tax on palm oil by saying that it is to protect its domestic refinery industries,”  Executive Director of IPOA, Mukti Sardjono said in the official statement toInfoSAWIT, Friday (27/7/2018).

The deforestation issue and the phase out policy published by European Parliament also influenced the exports from Indonesia to Europe. In the first semester in this year, European Union decreased the CPO and its derivative products import volume from Indonesia reaching 12% orfrom 2,71 milliontonsin the first semester 2017 to be 2,39 milliontonsin thesame period in 2018. The decreasing imports also took place in Africa reaching 10%. (T2)

 


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