BPS information important decline in CPO exports to Europe – Enterprise

Statistics Indonesia (BPS) has recorded that crude palm oil (CPO) exports to Europe noticed a big lower in March because of the unfavourable marketing campaign towards the commodity that’s linked to deforestation.

BPS head Suhariyanto mentioned in Jakarta on Monday that CPO exports to the Netherlands had decreased 39 %, whereas exports to the UK had decreased 22 %. Exports to Germany, Italy, Spain and Russia had additionally decreased.

“The decline was brought on by the unfavourable marketing campaign towards CPO,” Suhariyanto informed a press convention.

In 2018, the full export of CPO and its derivatives was recorded at 34.6 million tons from 32.1 million tons in 2017.  Nevertheless, when it comes to worth, the exports declined by 11 % in 2018 to US$20.54 billion from $22.97 billion in 2017.

He added that between January and March, Indonesian exports to Europe had been recorded at US$3.6 billion, whereas imports had been at $3.02 billion. 

“After all bilateral commerce figures had been completely different with every nation. With Germany and the Netherlands we posted a surplus, with Italy we posted a $9 million deficit,” Suhariyanto mentioned.

Indonesia and Malaysia, the primary and second largest CPO producing international locations, have been cooperating of their struggle towards what they name the EU’s discriminatory coverage towards palm oil, because the EU is to part out using palm oil in biodiesels.

The EU argues CPO manufacturing causes deforestation.

Coordinating Financial Minister Darmin Nasution not too long ago returned to Indonesia from Brussels the place he held additional discussions with the EU on the matter. He mentioned Indonesia would evaluate all financial agreements with EU if it applied the Renewable Power Directive II (RED II) that stipulates for the phasing out of palm oil in biodiesels.

“We’ve conveyed our stance towards the coverage and we are going to evaluate financial relations with the EU,” Darmin mentioned as quoted by kompas.com. (bbn)


Source link

Related Posts

About The Author

Add Comment