Indonesia to export 10,000 tonnes of crude coconut oil to Malaysia as demand keeps getting higher

Indonesia’s North Sulawesi province will export 10,000 tonnes of crude coconut oil worth US$17.27 million (US$1=RM4.18) to Malaysia early this year, a trade official said. Farmers and traders could take advantage of the country’s demand to boost export, Antara news agency quoted head of provincial office of industry and trade, Darwin Muksin, as saying. Farmers are urged to maintain product quality to meet market needs, he said, adding that strong demand should be good news for them as it makes coconuts more profitable to grow. The government will continue to support the industry with export strategy and encourage industry players to grow. Coconut-based products hold the biggest share of North Sulawesi’s total exports. Source: https://www.thestar.com.my/aseanplus/aseanplus-news/2022/01/16/indonesia-to-export-10000-tonnes-of-crude-coconut-oil-to-malaysia-as-demand-keeps-getting-higher