China to Import More Indonesian Palm Oil in 2024: Gapki
Jakarta. China will likely purchase 8 million tons of Indonesian palm oil in 2024 after imports suffered a decline amid the Covid-19 pandemic, according to an association of the commodity’s producers.
Beijing has been the top buyer of Indonesian palm oil by country since 2019 with imports reaching 8.15 million tons that year. However, the pandemic caused China to import less palm oil from the Southeast Asian nation.
The Indonesian Palm Oil Association (Gapki) reported that China only bought 6.17 million tons of palm oil from Indonesia in the Covid-hit 2020. The figures then slightly picked up to 6.65 million tons in 2021 and shrank to 6.35 million tons a year later. Indonesia has exported 3.35 million tons of palm oil to China as of the first half of 2023...... https://jakartaglobe.id/business/china-to-import-more-indonesian-palm-oil-in-2024-gapki