Palm oil imports increase 34pc to $1.585 bln in 8 months

The palm oil imports into the country increased by 34.03 percent during the first eight months of the current fiscal year against the imports of the same period of last year. The palm oil imports during July-February (2020-21) were recorded at $1585.381 million against the imports of $1182.899 million during July-February (2019-20), showing increase of…

Why the free trade agreement with Switzerland matters to Indonesia’s CPO

Indonesia is in the process of ratifying the EFTA-Indonesia Economic Comprehensive Partnership Agreement (IE-CEPA) with Switzerland, marking a positive sign to the archipelagic country’s palm oil sector — dubbed as the culprit of deforestation. The referendum in Switzerland held in early March showed that 51.7 per cent of the votes supported the free trade agreement…