JAKARTA – Indonesian Palm Oil Businessmen Association (IPOBA) hoped, by B15 mandatory of vegetable fuel to diesel (15% mixture of % of crude palm oil (CPO)), the palm oil absorption in the domestic country will increase so that the stocks will reduce to the global markets.
“It is hoped, the CPO price in the global markets will increase too,” Executive Director of IPOBA, Fadhil Hasan said in the press conference which InfoSAWIT got, Friday (17/4).
He explained, the palm oil traders could buy it before the increasing price. This absolutely will increase Indonesian palm oil exports in March.
It is noted, Indonesian export in March increased 13,6% to be 2,03 millions of tons than the exports in February which reaching 1,79 millions of tons.
From year to year (yoy), the exports from January – March 2015 increased 13,7%to be 5,6 millions of tons than the exports in the same period in 20144 which reaching 4,93 millions of tons.
“The increasing exports happened for the raising palm oil demands significantly from China, Middle East, Africa and Europe Union countries,” he said. (T3)
