1.3 crore liters of palm oil en route to Ctg from Indonesia
The ship is currently on the Strait of Malacca
An oil palm plantation is pictured next to a burnt forest near Banjarmasin in South Kalimantan province, Indonesia September 29, 2019. REUTERS/Willy Kurniawan
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An oil palm plantation is pictured next to a burnt forest near Banjarmasin in South Kalimantan province, Indonesia September 29, 2019. REUTERS/Willy Kurniawan
A vessel carrying 1 crore 31 lakh liters of palm oil is soon arriving in Chittagong from Indonesia.
Indonesia had imposed a palm oil export ban on April 28, but the ship had left for Bangladesh the day before (April 27).
This oil is imported by the main importer TK Group.
According to the Marine Traffic website, the MT Sumatra Palm left the seaport of Lubuk Gaung, Indonesia on April 27 for the port of Chittagong. The ship is currently in the Strait of Malacca.
Kazi Abu Naeem, managing director of Mohammadi Trading Company Limited, a local representative of the vessel, said the vessel carrying palm oil will arrive at the port of Chittagong on May 6.
The Indonesian-flagged vessel has a carrying capacity of 16,989 tons (DWT). The ship’s draft is 8.1 meters and its length is 144.47 meters.
TK Group Director Tariq Ahmed said, “We are continuing our efforts to continue importing palm oil. The government should also try to ensure that imports continue.
Indonesia, the world’s largest palm oil exporter, has banned palm oil exports since April 28. The country’s navy also detained two ships for export during the embargo.
At least 20,000 tons of palm oil, being imported by Bangladesh, have been blocked due to Indonesia’s export ban, according to importing sources.
Bangladeshi traders imported 120 million liters of palm oil from Indonesia between April 1 and April 28, according to the National Board of Revenue (NBR).
Bangladesh imports about 1.3 million tonnes of palm oil per year, of which 90% is imported from Indonesia and the remaining 10% from Malaysia.