Advertisements

Indonesia mulls diverting palm oil exports to Africa

by Joy

On June 26, according to media reports, Indonesian Maritime Affairs and Investment Coordinating Minister Luhut Binsar Pandjaitan said that as European countries implement the European Union’s No Deforestation Regulations (EUDR), the government is considering gradually shifting Indonesia’s palm oil exports to Africa.

During a press conference on improving governance of the country’s palm oil industry on Friday, June 23, the minister said the volume of palm oil exported from Indonesia to Europe could reach 3.3 million tonnes per year.

Advertisements

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News