the selling price of crude palm oil (CPO) which has been cheaper for about the last two years, slowly but sure, starts better. based on Malaysian stock exchange (14/10) the cpo delivery contract in january 2020 would be rm 2.343/ton or ABOUT US4 560/TON. IT WOULD BE THE SUPPORT TO DEVELOP THIS BUSINESS NEXT YEAR.
The demands in the export countries on CPO and its derivative would increase in every single year as the dynamic in the international trade. In addition the free trade would be done in the smaller form – the bilateral business though there have been regional and international trade agreements.
The international trade in Free Trade Agreement (FTA) would always be done with the regional trade agreement, such as, CAFTA (China), AJCEP (Japan), AIFTA (India), and EU-ASEAN (European Union). The trade would be re-strengthened by making Preferential Tariff Agreement (PTA) between two countries in palm oil business, namely between the producer and consumers or the exporter.
The issues in economic trade agreement including CPO and its derivative could be seen from the past, such as, China – ASEAN (CAFTA) in 2008. It was re-confirmed by the bilateral trade between Indonesia and China in 2009 to 2010. In the bilateral trade, Indonesia did n