PTPN III Holding Boosts Export to Strengthen Country`s Forex Reserves
PT Perkebunan Nusantara III (Persero) Holding continued to boost palm oil exports to strengthen the company`s business as well as to increase foreign-exchange reserves at the same time.
PT Perkebunan Nusantara III (Persero) Holding continued to boost palm oil exports to strengthen the company`s business as well as to increase foreign-exchange reserves at the same time. By the end of this year, the state-owned plantation company is expected to ship 300 thousand tons.
"CPO Exports will increase the company`s revenue and help the Government to increase the country`s foreign-exchange reserves,” Marketing Director PTPN III Holding Kadek K Laksana said in Damai, Riau (22/9/2018) as quoted by Republika.
His statement’s came after he officially launched shipment of 13,000 tons of CPO to India at Pelindo I port in Dumai. About 8,500 tons of CPO were produced by PTPN III and 4,500 tons of them by PTPN V. "In 2018 we are targeting exports of CPO amounting to 300,000 tons and is expected to increase to 2.5 million tons in 2019," he said.
Apart from exporting CPO, PTPN Holding is also attempting to increase palm oil derivative products export such as Palm Kernel Oil (PKO) and Palm Kernel Meal (PKM) to European and Korean market. ***
