Indonesia Seeks Palm Oil Export to Morocco

INDONESIAN Palm Oil Association (GAPKI) along with Ministry of Commerce are negotiating palm oil export  with Tunisia and Morocco. Trade talks are part of a strategy to widen Indonesia`s palm oil export markets a part from European market as main target. “After the Eid Fitr, GAPKI and the Ministry is headed to Tunisia and Morocco to find new markets. The cooperation negotiation will start in Tunisia. A part from that, we will start a business forum,” GAPKI Chairman Joko Supriyono stated at the Shangri-La Hotel, Jakarta, on Thursday (31/5/2018), as reported by Liputan 6. Supriyono further explained that African countries have big potential of becoming importers of Indonesian CPO products or palm oil because even though Africa has large population, their CPO production is fewer in number. “The population of Africa is very large. They have 60 to 80 million people in one country. We went to Nigeria last year, the population was 80 million and the [CPO] production is small in number,” Supriyono revealed. The exports of CPO products to African countries looks promising to Indonesia. In the past three years alone, the annual exports of CPO products to African countries growth increases to above 10 per cent. “The growth is not so high for each countries, but it is high combined. We combine the numbers for African countries. It has been increasing consistently for the past three years. The CPO exports grows above 10 per cent each year,” the Chairman expressed. ***