Jakarta, Sept. 23 -- Indonesia will prioritise importing buffalo meat, rice and raw sugar from India, which agreed to adjust crude palm oil (CPO) tariff for the country earlier this month.
Indonesian Trade Minister Enggartiasto Lukita said at a recent event that India has given Indonesia an opportunity to increase its CPO exports, adding it is fair to give the South Asian nation access to the Indonesian market.
India is the largest palm oil market of Indonesia with export share of about 20 percent, equivalent to 6.71 million tonnes last year.
Previously, Indonesia's palm oil products faced a 50 percent import tariff from India, while those from its rival producer Malaysia enjoyed a lower tariff of 45 percent thanks to a bilateral deal. I...