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China Agreed to Purchase 1 Million Tons of Palm Oil and Other Agricultural Products



China Agreed to Purchase 1 Million Tons of Palm Oil and Other Agricultural Products

InfoSAWIT, JAKARTA – In the recent days, China agreed to purchase one million tons of palm oil and other agricultural products from Indonesia. Minister of Enterprises Indonesia, Erick Thohir said, this would maintain crude palm oil (CPO) and smallholders’ fresh fruit bunch (FFB) price.

“The government would keep helping the smallholders in Indonesia and providing employment,” he said, as in the official statement in Jakarta, Tuesday (26/7/2022).

He also mentioned, Indonesia and China are strategic partners by conducting profitable cooperation for both sides. Indonesia, he continued, commits to develop agricultural productivity and maintain the smallholders’ welfare.

Erick continued, Indonesia could imitate the success of China that could optimize the big natural resources and markets to make the country go better.

Actually, Indonesia has massive natural resources and markets and should do the same with the goal, to escalate the economic potential and provide kinds of work for the people. “For all these years, the big and massive natural resources and markets are not optimally managed to develop the economy. We would optimize these,” Erick said.

Besides the cooperation in agriculture, Indonesia cooperates with the country in electric vehicle industry. He continued, the cooperation with China is not in investment only but also technology transfer and the completion of fast train which becomes the commitment between both countries. (T2)


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