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International Business Times
International Business Times
Business

Indonesia Palm Oil Firms Eye New Markets As US Trade War Casts Shadow

Indonesia accounts for more than half the global supply of the edible oil, used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap and shampoo (Credit: AFP)

Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they try to protect themselves from the impact of Donald Trump's trade war, a top industry executive told AFP.

Indonesia is the world's biggest producer of the edible oil -- used in making foods such as cakes, chocolate, and margarine as well as cosmetics, soap and shampoo -- and accounts for more than half the global supply.

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