Farm produce exports improve by 11.65%<\/p>\n
JAKARTA (JP): Indonesia's foreign exchange earnings from the
\nexport of agricultural products rose 11.65 percent to US$3.65
\nbillion last year from $3.27 billion in 1997 due to higher
\nprices on the international market, the Central Bureau of
\nStatistics (BPS) said on Saturday.<\/p>\n
BPS said the country's coffee exports in 1998 rose by 14.98
\npercent to $578.94 million from $503.68 million in 1997.<\/p>\n
Tea exports in 1998 jumped by 28.34 percent to $108.36 million
\nfrom $84.52 million in 1997, while black pepper exports surged by
\n110.44 percent to $86.70 million from $41.18 million in 1997.<\/p>\n
Cocoa bean exports rose 29.7 percent to $382.60 million last
\nyear from $294 million in 1997, BPS said.<\/p>\n
BPS said the higher prices Indonesian agricultural products
\nfetched on the international market last year has encouraged
\nfarmers to plant and export more products this year.<\/p>\n
"For example, cocoa farmers in South Sulawesi gained more
\nrevenue in 1998 because cocoa prices on the world market surged
\nto an all-time high last year," BPS was quoted by Antara news
\nagency as saying.<\/p>\n
BPS also said Indonesian tobacco exports reached $132.82
\nmillion last year from $90.92 million in 1997.<\/p>\n
Exports of cinnamon and pearl increased by 28.64 percent and
\n51.59 percent to $31.39 million and $22.86 million respectively
\nin 1998.<\/p>\n
Fresh and frozen shrimp exports reached $1 billion last year
\nwhile tuna exports reached $110 billion last year.<\/p>\n
BPS, however, said exports of several agriculture-related
\nproducts fell in 1998.<\/p>\n
Exports of natural rubber dropped by 40.46 percent to $18.83
\nmillion in 1998, compared to $31.62 million in 1997.<\/p>\n
Exports of fruits and vegetables, resin, medicinal herbs and
\ncrabs also were lower last year, BPS said.<\/p>\n
The Ministry of Industry and Trade has predicted lower
\nproduction from farms this year due to an expected decline in the
\nexport of several important products.<\/p>\n
Coffee exports are expected to fall to $478.8 million in 1999,
\nwhile cocoa bean exports are expected to fall to $338.5 million
\nthis year.<\/p>\n
Crude palm oil exports are forecast to fall to $505 million in
\n1999.<\/p>\n
Frozen shrimp exports are predicted to fall to $1.02 billion,
\nwhile tuna exports are expected to drop to $103.5 million this
\nyear.<\/p>\n
Fruit and vegetable exports are expected to fall to $15.2
\nmillion and $39.7 million respectively in 1999.<\/p>\n
The government has projected the country's total exports will
\nincrease by 3 percent to $52.3 billion in the 1999\/2000 fiscal
\nyear, which began in April, from $50.7 billion in the 1998\/1999
\nfiscal year. (gis)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/farm-produce-exports-improve-by-1165-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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