Indonesia to put Malaysia behind in palm oil industry.(Industry Profile)

The country's exports of crude palm oil (CPO) have leapfrogged since the export tax was slashed to 3% in Feb. 2001. In 1999, exports totaled only 1.46 million tons. The export volume rose to 5.48 million tons in 2001 and to 7.07 million tons in 2002 and to 8 million tons in 2003. The export value of CPO was recorded at US$ 2.35 billion in 2002 up to US$ 3 billion in 2003 placing it among the top export earners outside oil and gas. non-oil/gas commodities after electronics US$ 9.16 billion and textiles and garments US$ 7.05 billion and timber US$ 3.18 billion in 2003.

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