Jokowi Says EU Palm Oil Restrictions Are 'Act of Trade War'
"Indonesia has 13 million hectares of oil palm plantations that produce 46 million tons [of crude palm oil, or CPO] per year. The EU has been saying that Indonesian palm oil is not environmentally friendly. This is essentially trade war, because Indonesian palm oil can be cheaper than their sunflower oil," the president said.
Malaysia Shutting Most Palm Oil Operations, Trade Group Says ... which process crude palm oil into edible oils used in cooking oil, ice cream and margarine, as well as non-edible oils used in ...
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UPDATE 1-Crude palm oil seen capped at 3,300 ringgit
Indonesia, which is ramping up biodiesel use, will have to cut back exports of refined palm oil and other processed oil in order to sell more crude palm to India, he said.
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Indonesia has filed a complaint at the World Trade Organization. “We will not be dependent on other countries who want to buy our CPO (crude palm oil),” Widodo said. “If you don’t buy it
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