MEDAN (INDONESIA): Indonesia, the world’s largest producer of palm oil, is focusing big on exports to countries like India and China to overcome the likely setback it may face from the European Union, which may cut down on imports of palm oil products because of concerns about the environmental damage caused by land-clearing fires. The country produces around 40 million tonnes of palm oil every year and exports 73% of it. “EU alleges Indonesia of deforestation caused by palm oil plantation expansion. But the fact is that, we are not expanding our plantation. We are replanting the 25-year-old palm trees. EU allegations are baseless and we have moved WTO against this discrimination,” said Donald Siahaan, chief operating officer, Oil Palm Science Techno Park (OPSTP), Indonesia’s Oil Palm Research Institute. Lolita Bangun of Indonesian Palm Oil Association said Indonesia is trying to push more of its oil exports to India and China while diverting a large portion of its oil palm to biodiesel programme. The EU is the second-largest palm oil market after India, consuming about 7.5 million tonnes of palm oil yearly. “The sluggish exports to EU have prompted us to look for other options for utilizing our oil palm… Read full this story
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