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Amid trade squabble with EU, Indonesia’s palm oil finds china backing in biofuel, China

14-Aug-2019 Intellasia |
JakartaPost |
6:02 AM

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As Indonesia, a world’s tip palm oil writer and exporter, commits to fighting a European Union’s (EU) anathema on a use of palm oil for a member countries’ biodiesel, it might find condolence nearby home. President Joko “Jokowi” Widodo has asked stakeholders to speed adult a imperative suit of diesel blended with wanton palm oil (CPO) from 20 ( B20 ) to 30 percent ( B30 ) by Jan subsequent year, and 50 percent ( B50 ) by a finish of 2020, hence pulling adult a domestic use of palm oil. Coincidentally, China will mislay import tariffs for palm oil in a pierce that will open adult new markets for Indonesian palm oil. “We need to expect pressures on CPO [by pushing up] domestic direct and so that we can have good negotiate positions, either with a European Union or other parties that try to break the bargaining…

https://www.thejakartapost.com/news/2019/08/13/amid-trade-spat-with-eu-indonesias-palm-oil-finds-silver-lining-in-biofuel-china.html

 

Category: Indonesia

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Article source: https://www.intellasia.net/amid-trade-spat-with-eu-indonesias-palm-oil-finds-silver-lining-in-biofuel-china-732178