Trade and markets
 

Detail

Area
Bilateral/Multilateral
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/07/2017
Policy Category
Trade
Policy Instrument
Bilateral cooperation
Description
Initiated talks with Nigerian counterparts to relax restrictions on imports of Indonesian crude palm oil into Nigeria.
Notes
According to official sources, Indonesian Government representatives initiated talks with Nigerian counterparts to revive shipments of Indonesian crude palm oil (CPO) to Nigeria. Reportedly, CPO trade between the two countries has fallen sharply over the last few years, as Nigeria introduced import restrictions to protect its foreign exchange market and stimulate domestic oil palm cultivation.