Export value of plantation commodities to rise 26% this year: Official

Mon, 01/09/2012 - 21:49

The government projected revenue from export of plantation commodities this year to increase by about 26 percent on higher price and export volume.

Secretary of the Directorate General of Plantation at the Ministry of Agriculture, Mukti Sardjono, said on Monday that the export value was projected to rise to US$45 billion this year from the estimated $35.7 billion last year.

But he quickly added that the realization of the target would depend on the global economic condition particularly export destination countries such as China, which is a major export market for commodities such as palm oil and rubber, two largest contributor of non-oil and gas export.

The government, however, is hopeful that the prices of the country’s main plantation export commodities to remain strong this year despite signs of slowing global economic condition, Mukti said.

He added that export of CPO is projected to increase this year particularly in the wake of the preferential trade agreement (PTA) between Indonesia and Pakistan, one of the major CPO markets.  .

The directorate estimated export revenue of plantation commodities for 2011 to reach $35.7 billion.  The largest contributors were CPO at $19 billion, followed by rubber $12.4 billion, cocoa $1.2 billion and coconut $1.1 billion.

Total export volume last year was estimated at 24.5 million tons, in which CPO accounted for 19.3 million tons, rubber 2.6 million tons, coconut 1.1 million tons, and cocoa 384,000 tons.(Firman)

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