A worker checks the quality of crude palm oil (CPO) in palm oil manufacturing plants.

Palm oil exports hit record high of $23 billion last year

REPUBLIKA.CO.ID, JAKARTA -- Indonesia's palm oil exports hit a record high of US$22.97 billion last year, the Indonesian Association of Palm Oil Producers (GAPKI) said. The palm oil exports in 2017 represented a 26 percent increase compared to US$18.22 billion a year earlier, GAPKI Secretary General Togar Sitanggang said in a discussion on "the reflection of 2017 palm oil...

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Palm oil 39 percent of North Sumatra's forex earning

REPUBLIKA.CO.ID, MEDAN -- Crude palm oil and derivatives contributed 38.73 percent to foreign exchange earning of North Sumatra in the first quarter of 2016."In the first quarter of 2016, North Sumatra's exports of palm oil-based vegetable oils and fats were worth US$668.95 million or 38.73 percent of the province's total foreign exchange earning of US$1.73 billion," chairman of North...