{"id":28870,"date":"2024-11-11T03:54:01","date_gmt":"2024-11-11T03:54:01","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=28870"},"modified":"2024-11-13T03:56:31","modified_gmt":"2024-11-13T03:56:31","slug":"gapki-europe-will-still-need-palm-oil","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2024\/11\/11\/gapki-europe-will-still-need-palm-oil\/","title":{"rendered":"GAPKI: Europe Will Still Need Palm Oil"},"content":{"rendered":"<p>JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Eddy Martono said that there will be no impact of Indonesia\u2019s joining BRICS alliance to the palm oil exports to Europe.<!--more--><\/p>\n<p><a href=\"https:\/\/gapki.id\/en\/news\/2024\/11\/11\/gapki-europe-will-still-need-palm-oil\/promediateknologi-id_ipoc_eddy_martono\/\" rel=\"attachment wp-att-28871\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-28871\" src=\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/promediateknologi.id_ipoc_eddy_martono.jpg\" alt=\"\" width=\"981\" height=\"581\" srcset=\"https:\/\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/promediateknologi.id_ipoc_eddy_martono.jpg 951w, https:\/\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/promediateknologi.id_ipoc_eddy_martono-300x178.jpg 300w, https:\/\/gapki.id\/en\/dir-site\/uploads\/2024\/11\/promediateknologi.id_ipoc_eddy_martono-768x455.jpg 768w\" sizes=\"auto, (max-width: 981px) 100vw, 981px\" \/><\/a><\/p>\n<p>The BRICS grouping consists of Brazil, Russia, India, China, South Africa. It is seen as an emerging global bloc and counterweight to the Western grouping, which potentially create new markets for developing countries like Indonesia. Indonesia&#8217;s current status in BRICS is an &#8220;interested country.&#8221; If it proceeds with membership acceptance process, it will then become a &#8220;prospective member&#8221;, then an &#8220;invited member&#8221; before finally gaining full member status.<\/p>\n<p>&#8220;I believe that if Indonesia joins BRICS, there will be no impact to our palm oil exports, including to Europe,&#8221; Eddy told <em>Warta Ekonomi<\/em> on Monday (11\/11\/2024).<\/p>\n<p>Eddy said that palm oil at the global market is irreplaceable, as it has become part of the global needs for vegetable oils. \u201cIndonesia is the world\u2019s largest producer of palm oil. If Indonesia joins BRICS grouping, it won\u2019t affect its exports of palm oil. I believe the European Union will still need palm oil, especially to meet their needs for foods,\u201d he said.<\/p>\n<p>According to him, factors that will affect Indonesia\u2019s exports of palm oil will include the implementation of European Union Deforestation-Free Regulation (EUDR). Until now, it\u2019s not yet clear on its technical application,\u201d he said.<\/p>\n<p>Regarding price, economists have projected that the price of palm oil until February or March 2025 will reach Rp17,500 per kilogram.<\/p>\n<p>GAPKI has previously stated that the palm oil industry players are ready to collaborate with the government under President Prabowo Subianto in weathering through the national and global challenges and further developing palm oil as the country\u2019s top and strategic export commodity.<\/p>\n<p>According to Eddy, Indonesia\u2019s palm oil industry is now facing uncertainty due to potential food and energy crisis and trade barriers imposed by importing countries, including those in EU.<\/p>\n<p>Eddy also mentioned about the stagnant production of palm oil during the last few years, as a result of the slow implementation of replanting program for smallholders\u2019 palm plantations. (*)<\/p>\n<p>Source: <em><a href=\"https:\/\/wartaekonomi.co.id\/read549155\/gapki-eropa-bakal-tetap-membutuhkan-sawit\">wartaekonomi.co.id<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JAKARTA \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Eddy Martono said that there will be no impact of Indonesia\u2019s joining BRICS alliance to the palm oil exports to Europe.<\/p>\n","protected":false},"author":1,"featured_media":28871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":70,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","footnotes":""},"categories":[3710,3708,3709],"tags":[],"class_list":["post-28870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-info-activity","category-publication","category-recent-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - 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