Reached 2.17 Million Tons: CPO Export and Its Derivatives to China June 2022

Reached 2.17 Million Tons: CPO Export and Its Derivatives to China June 2022

Palmoilmagazine, CPO & Its Derivatives

Palmoilmagazine, JAKARTA – According to Central Bureau of Statistic (CBS), crude palm oil (CPO) and its derivative (HS 15) export volume in June 2022 reached 2,17 million tons, increased from May 2022 which reached 0,51 million tons only. The values in June 2022 also increased 300,66% to be US$ 3,38 billion compared to May 2022.

In June 2022, Indonesia exported the products the most to China reaching US$ 591,57 million, to Pakistan reaching US$ 454,47 million, to India reaching US$ 273,97 million, and to Bangladesh reaching US$ 163,75 million.

Prior in the bilateral meeting between President Joko Widodo and China Prime Minister (Premier) Li Keqiang came to a conclusion to multiply CPO export about 1 million tons to the country. Following up the agreement, Ministry of Trade is ready and would accelerate it to improve smallholders’ fresh fruit bunch (FFB) to be more than Rp 2.000/kilogram (kg).

Minister of Trade, Zulkifli Hasan said, his side is about to accelerate CPO and its derivative exports to empty companies’ CPO storages so that the industries could purchase smallholders’ FFB. “By the export acceleration, smallholders’ FFB could be more than Rp 2.000/kg,” he said, as in the official statement to Palmoilmagazine, Thursday (28/7/2022) in Jakarta.

Prior in the meeting with Li Keqiang, President Joko Widodo told, China is one strategic partner of Indonesia. For all these years, both countries successfully developed partnership with profitable cooperation that reached up to US$ 100 billion. President Joko Widodo wanted the numbers could be increasing between both countries. (T2)

 

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