Government Needs to Consider Selling CPO to Mexico

By : Hariyanto And Aldo Bella Putra | Wednesday, April 11 2018 - 16:00 IWST

Kebun Kelapa Sawit (Ist)
Kebun Kelapa Sawit (Ist)

INDUSTRY.co.id - Jakarta – Government of Indonesia needs to consider selling CPO or palm oil to Mexico to boost cooperation between the two countries, said Chairman of Bilateral Cooperation Group (GKSB) of the Indonesian-Mexican House Djoko Udjianto.

"Perhaps we should also consider selling CPO, because our CPO production is quite a lot," said Djoko Udianto in a release in Jakarta on Tuesday (10/4/2018).

According to Democrat Party politician, although Mexico is supported by sunflower and soybean commodities from the US, but CPO is one alternative.

In addition, he said, in terms of trade, visit GKSB to Mexico in 2016 ago also discussed the opportunity to import beef from Mexico to Indonesia.

He believes that the opportunity should be realized as an improvement in economic and trade relations between the two countries.

As is known, the total trade between the two countries in 2017 reached 1.2 billion US dollars.

Previously, Trade Minister Enggartiasto Lukita suspected there was industrial competition behind the ban on the use of oil palm and its derivative products in European countries and the United States.

"I see there is competition, (due to) producing other oils, they produce 'vegetable oil', there is 'rapeseed oil', whose price becomes more expensive because our CPO is cheaper, it is competition, unhealthy competition," said Enggartiasto after met Vice President Jusuf Kalla at the Vice President's Office on Monday (9/4).

The Minister of Trade also considered that the issues expressed by the EU are always related to the environment, when in fact they want to improve the vegetable oil industry and "rapeseed oil" in their country.

Meanwhile, Indonesian Palm Oil Entrepreneurs Association (GAPKI) stated that the price of palm oil (CPO) in early January 2018 decreased due to weak global market demand, especially from People's Republic of China (PRC).

GAPKI Secretary General Togar Sitanggang said that at the beginning of 2018 the global palm oil market is promising as reflected in palm oil prices could rise in the first two weeks and prices hovered in the range of 675-697.5 US dollars per metric ton.

"But in the third and fourth weeks the price tends to decrease to 652.5 US dollars per metric ton," said Togar Sitanggang.

News Comment

Today's Industry

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Rockwell Automation Inc. /obe.wisc.edu

Kamis, 12 Mei 2022 - 14:19 WIB

Rockwell Automation Releases New, Highly Customizable Industrial Monitors

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…