Indonesia`s crude palm oil (CPO) production which last year reached 19 million tons now controls 14.37 percent of the world`s vegetable oils` market, a minister said.
"CPO accounts for 33.6 percent of the world`s eight main vegetable oils, and Indonesia`s CPO accounts for 14.37 percent," Agriculture Minister Suswono told a palm oil conference and outlook 2010 here on Wednesday.
He said that Indonesia`s CPO controlled 44.7 percent of the world`s CPO market with a total exports last of 12.29 million tons.
Together with Malaysia, the minister said, Indonesia controlled 85 percent of the world`s CPO market.
"This year, Indonesia`s CPO exports are expected to reach over 14.2 million tons," the minister said.
The estimate of this year`s CPO exports is higher than that exported last year which stood at 11.2 million tons, Suswono said.
He said that this year, Indonesia`s CPO production was also expected to exceed 20 million tons from a total plantation area of seven million hectares.
In the international conference which was attended by representatives from various countries, the minister said that the role of CPO in Indonesia`s economy was very significant so that the government was committed to developing CPO industries from upstream to down steam.
"There are many external challenges in developing CPO industries, among others, the accusation that Indonesia destroy their forests and let fauna be extinct," he said.
However, Indonesia and other countries in the world are committed to carrying out sustainable CPO industrial development by doing their best to meet the world requirements through the Roundtable Sustainable Palm Oil (RSPO), he said.
Besides, the minister said, the government will also develop CPO down stream industries in an effort to increase the commodity`s added values and create more jobs for the people.
http://www.antara.co.id/en/news/1259737775/indonesian-cpo-controls-1437-percent-of-world-market
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