China may increase palm oil import quota

BOGOR: China is open to increasing its import quota of Indonesian palm oil by at least 500,000 tonnes, Premier Li Keqiang said, speaking after a meeting with Indonesian President Joko Widodo at the country’s presidential palace in Bogor.

Li’s comment came at a joint news conference with Widodo before the Chinese premier travelled to Jakarta to visit the headquarters of Asean. The two countries also signed a number of memoranda of understanding, including on the construction of dams in Indonesia’s Sulawesi island and South Kalimantan province on Borneo.