Tuesday, March 18, 2008
Indonesia's CPO Exports Expected to Reach 13.95 million tons
Source: Antara

Jakarta (ANTARA News) - Indonesia`s crude palm oil (CPO) exports are likely to reach 13.95 million tons this year as a result of an expected 9.6 percent rise in CPO production to 18.30 million tons, according to a World Oil report.

Last year, Indonesia exported 12.40 million tons of CPO, down by 1.1 percent from 12.54 million tons a year earlier, the report said as quoted by plantation company PT Astra Agro Lestari Tbk in its monthly report issued on Tuesday.

The report attributed the drop to the government`s policy to impose new export tax as the country`s CPO production grew by 4 percent to 16.70 million tons from 16.05 million tons the year before.

Meanwhile, PT Astra Agro Lestari`s CPO production in the first two months of this year grew by 23.7 percent to 166,137 tons from 134,307 tons in the same period last year.