|
|
Article: PALM OIL LIKELY TO BECOME MAJOR EXPORT COMMODITY
- Article from:
- Indonesian Commercial Newsletter
- Article date:
- September 26, 1994
CopyrightCOPYRIGHT 1994 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Palm oil has the potential to become a major export commodity for Indonesia outside the oil and gas sector. Although at present, their value is still below the value of rubber exports, palm oil exports from Indonesia have shown a high growth rate. In the past five years, they have grown by around 21.5% annually, from US$ 294.7 million in 1989 to US$ 582.6 million in 1993. Indonesia may still increase its receipts from palm oil exports, as there is a shift in the world's vegetable oil consumption from soybean oil to palm oil.
In the past two years, the flow of investments into the palm oil industry has increased sharply, as a result of the Government's requirement ...