Thursday, December 3, 2009

Breaking News-RTRS-Indonesia to build three palm oil ports to end delays

NUSA DUA, Indonesia, Dec 2 (Reuters) - Indonesia plans to build three new ports for shipping palm oil to handle rising output in the world's top producer, a minister said on Wednesday amid trade complaints about port congestion delaying shipments.
Hatta Rajasa, coordinating minister for economic affairs, said the ports would be integrated into planned palm oil clusters in the province of North Sumatra, East Kalimantan and the country's top palm oil growing province of Riau.
Details on the planned ports should be ready within the first 100 days of President Susilo Bambang Yudhoyono's new term in office that started in late October, Rajasa told a media briefing at the Indonesian Palm Oil Conference and Price Outlook 2010.