The Government through the Ministry of Trade (Trade) finally revised the previous year's export target of US $ 190 billion to US $ 184.3 billion.
Trade Minister (Minister) Muhammad Lutfi said the correction was done because some of Indonesia's main export commodity prices plummeted.
"There are five commodity price falls," he said at the office of the Ministry of Trade, Jakarta, Friday (10/17/2014).He mentioned, there are striking price comparison between the early years and September 2014. For crude palm oil (CPO) fell as much as 21.7 per cent from US $ 928.1 per ton to US $ 726.7 per ton.
Then coal down 15.46 percent from US $ 78.6 per ton to US $ 66.4 per ton.
"Even coal 3 this week fell below US $ 65 dollars based on the New South Wales pricing," he added.
Rubber prices fell from US $ 2,230.3 per ton to 1588.2 per ton, or as much as 28.79 percent. Commodity prices 6 percent copper losses of US $ 7,291.5 per ton to US $ 6,872.2 per ton.
While iron ore prices also fell as much as 35 percent from US $ 128.1 per ton to US $ 82.4 per ton.
However, Lutfi believes if the future of Indonesia's exports will improve. This is supported by export destination countries to revise its economic growth.
He mentioned, China's economic growth in the second quarter by 7.5 percent from 7.4 percent in the first quarter. India in the second quarter recorded a growth of 5.7 per cent from 4.6 per cent in the first quarter.
"We still see growth in export destinations such as China, India, Taiwan still tolerable growth," he said.
Terimkasih all and, hopefully useful news from me to you all
Posted By : Gudang Berita Terupdate
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