Jakarta (ANTARA News) - The government intends to increase crude palm oil (CPO) exports in 2011 by 16 percent from the previous year`s figure, a minister said.
"CPO and all of its exportable derivatives are targeted to grow 16 percent with a 1.2 billion US dollar investment plan in 2011," said Trade Minister Marie Elka Pangestu here Wednesday.
According to the Ministry`s data, Indonesian CPO products export value in 2010 reached 10.03 billion US dollars or increased from 7.65 billion US dollars in 2009.
The government will also expand CPO products export markets to new markets to increase the commodity?s potentials such as the Middle East and Eastern Europe, she said.
Besides, the government would also continue the CPO downstream industry development policy and sustainable oil palm industry, Marie said.
Indonesian is still known as the largest CPO producer and exporter in the world.
The Indonesian Oil Palm Association (GAPKI) estimated that in 2010, the country produced 22 million tones of CPO from at least 7.3 million hectares oil palm plantation throughout the nation.
Recently the government is reducing the CPO export but to raise its downstream products to give the commodity`s added value.
The effort is done by developing the oil palm downstream production in clusters on several areas, and a master plan to develop these clusters has been prepared by the ministry for 2010-2014 periods. (*)