Indonesian palm oil industry turns to EMEA in wake of Trump’s trade war
Indonesia’s palm oil producers are seeking to diversify following Trump’s 32 percent tariffs on imports from the country. The world’s biggest palm oil supplier is looking to Africa, the Middle East, Central Asia and Europe to dampen the impact.
According to a report published by France24 quoting data from the Indonesian Palm Oil Association (GAPKI), Indonesia shipped 2.5 million tons of palm oil to the US in 2023, 89 percent of the country’s palm oil supply. The US is the world’s fourth-largest importer of palm oil.
Despite the 90-days pause on the charges ushered in by the US President, Eddy Martono, Chairman of GAPKI told France24 that market diversification ‘must be done’.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
Join strategic discussions and networking with industry leaders to gain актуальна insights, discover new business opportunities, and build partnerships with key market players.
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