Indonesia's export of crude palm oil is expected to decrease in 2001

OA show ('918 '); [Indonesia's export of crude palm oil in 2001 is expected to decrease] Jakarta, April 11 (Reuters) - Indonesia's palm oil producers association said on Wednesday that the country's export of palm oil in 2001 may be reduced from 4.5 million tons in 2000 to 4.2 million tons because major buyers such as India and China have raised tariffs to limit palm oil imports "This year, China's crude palm oil production will increase to 7.2 million tons, but its export will decrease to 4.2 million tons." Derom Bangun, President of the Indonesian palm oil producers association, told reporters "This is because India has raised import tariffs on crude palm oil, while China has maintained its original import quota." Indonesia is the second largest palm oil producer after Malaysia in the world In 2000, it produced 6.5 million tons of crude palm oil and exported 4.5 million tons Bangun said China has implemented a quota system to restrict palm oil imports, while India's import duties on palm oil are much higher than those on soybean oil Bangun said that if Indonesia implemented a reduction in the export of crude palm oil to support its processing industry, then exports would decline further Indonesian trade and Industry Minister luhut pandjaitan said on Monday that the government plans to gradually reduce the export volume of crude palm oil, which now accounts for more than half of the total output, to 10-15 percentage points to boost its downstream industry Bangun said the downstream industry has an annual processing capacity of 8 million tons, which is higher than the country's annual production of crude palm oil "If the government wants to do that, it can cut crude palm oil exports to zero But the government has to think about how it can help the industry in expanding the crude palm oil by-product market " He said Indonesia's crude palm oil by-product market is very poor, and overseas buyers are keen to purchase Indonesia's crude palm oil Bangun added He said the international market for crude palm oil is smaller than that for crude palm oil, which makes competition between Malaysia and Indonesia more intense "The government should help open up new markets." He said On Wednesday morning, Pandjaitan said the government was considering the possibility of shipping palm oil to the United States under a barter deal He added that the government's plan lobbied the U.S government for more market access for Indonesian palm oil Pandjaitan and lim Keng Yaik, Malaysia's minister of basic industry, plan to visit India and China at the end of this month to demand more market access for palm oil from both countries Malaysia and Indonesia, two traditional market rivals, reached an agreement in February to recommend a world palm oil association to help raise palm oil prices China feed industry information network duy (author:)