Indonesia's Palm Oil Production Expected to Rise in 2006
Posted on: Tuesday, 7 March 2006, 09:02 CST
Indonesia's palm oil production expected to rise in 2006
JAKARTA, March 6 (Xinhua) -- Indonesia's palm oil production is expected to rise by 1.1 million tons to 14.7 million tons in 2006 from the previous year, the industry association said Monday.
Derom Bangun, chairman of the Indonesian Palm Oil Producers Association (Gapki), said expansion of palm plantation in the last few years would drive up production.
Parts of the new plantations have begun to bear fruits, he was quoted by Antara news agency as saying in the north Sumatra capital of Medan.
Indonesia's palm oil export is estimated at 11.3 million tons this year, he said.
International demand for palm oil is on the rise to produce bio diesel fuel, he said.
Derom predicted global palm oil price would increase to the average 460 U.S. dollars per ton this year from 420 dollars in 2005.
Source: Xinhua News Agency - CEIS
Related Articles
- Palm Oil Boom Creates Danger For Orangutans
- 'Morally Indefensible' Anti-Palm Oil Campaigns Threaten World's Poor, Reveals New Study
- Henkel Joins Roundtable on Sustainable Palm Oil
- Unilever: Protesters Go Ape Over Palm Oil Use
- Pure Biofuels Signs Agreement to Acquire Additional 14,000 Hectares for Palm Oil Cultivation
- Palm Oil Prices Set to Increase, Malaysian Officials Say
- Palm Oil Industry Blamed for Abuse of Organ-Utans
- Criteria for 'Sustainable Palm Oil' Definition
- WWF: World's Largest Palm Oil Plantation Could Spell Disaster for Forests of Borneo
 |
 |
User Comments (1)
| 1. |
Posted by umar on 08/28/2007, 02:46 not detailed enough. can include yearly statistics, forecasts, graphs to improve |
RSS Feeds