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CPO Exports from Indonesia to Pakistan in October 2018 Increased 76%



CPO Exports from Indonesia to Pakistan in October 2018 Increased 76%

InfoSAWIT, JAKARTA – Pakistan also increased the import ofcrude palm oil(CPO) about 76% or from 140,16 thousand tons to be 246,97 thousand tons. October was the highest imports since October 2015 in the country.

The increasing demands in Pakistan, from the report of Indonesian Palm Oil Association (IPOA) to InfoSAWIT recently, happened for the cheap price and the its domestic stock. In the last several months, the CPO imports in Pakistan were not good enough because the economy in the country was less good because of the high deficit in the trade balance.

“United States of America, China, and Pakistan had the increasing imports though the volume was not good enough. But the percentage was significant, reaching 129% or from 58,20 thousand tons to be 133,46 thousand tons,” Executive Director of IPOA, Mukti Sardjono said. (T2)

 


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