Palm Oil Exports Did the Positive though in Recession

Palm Oil Exports Did the Positive though in Recession

PalmOilMagazine, JAKARTA - Until now palm oil sectors still dominantly contribute. It is proved that by October 2020, the exchange reached about US$ 17,5 billion. If other sectors were not deficit, the surplus could be more. “Believe it or not, palm oil sectors still become the cantilever of economy nationally,”Chairman of Indonesian Palm Oil Association, Joko Supriyono said in webinar that  PalmOilMagazine, did attend.

From its operational, palm oil production has no significant influences from Covid-19 pandemic. The plantation sectors tightly implement health protocols and the work system in palm oil plantations is in distance.

Since Covid-19 hit for the first time, palm oil got some issues because of lockdown or big scale social distancing in some regions in Indonesia and this bothered the exports. But in the fourth quarter of 2020, the exports re-ran well.

In general palm oil exports from Indonesia hit the contraction than last year but from its value, the exports got more. “The contraction reached 11 percent. This was a pride because in the recession, palm oil still positively contributed,” he said. (T2)

This article once published in PalmOilMagazine, January 2021

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