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Indonesia to increase crude palm oil export to Russia, Eastern Europe

Xinhua, November 23, 2016 Adjust font size:

Indonesia will increase export of crude palm oil (CPO) and its derivative products to Russia and Eastern European countries, the Indonesian palm oil grower association said Wednesday.

Demand for CPO remains high in Russia and Eastern European countries, with Russia alone consuming more than 1 million tons a year, according to Kanya Lakhmi Sidarta, treasurer of the association.

Indonesia's export to Russia is far short of that demand, leaving a large room for growth, he said, adding he expects export of CPO to Russia this year reaching 700,000 tons.

Indonesia is the world's largest producer of palm oil, followed by Malaysia. Endit