VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesian Ambassador to Bulgaria, accredited to Albania and North Macedonia, Iwan Bogananta, on Thursday (18/7) facilitated a trade transaction of Indonesian palm oil derivative products for the Bulgarian market worth 10 million US dollars or around 162 billion rupiah.

In a press release from the Indonesian Embassy in Sofia, Jakarta, on Friday (19/7), Ambassador Iwan said that they had identified the company's needs for the palm oil derivative products in question. In the future, they are striving to encourage the two companies to develop joint businesses in the form of joint investment to build new product brands in Bulgaria.

He stated that the realization of this cooperation is a follow-up to efforts to develop palm oil products, especially vegetable fat, which has high demand in the Balkan region.

According to Iwan, in the initial stage, PT Wahana Citra Nabati Indonesia and the Bulgarian company PICCO will conduct trade for product development to meet the Bulgarian market needs.

Director of PT Wahana Citra Nabati Indonesia, Evann Tjokrosetio, mentioned that he had previously communicated and explored opportunities through Ambassador Iwan. In the initial stage, they will send one container of various types of palm oil derivative products to be tested first, followed by placing a year-long order.

Evann also highlighted that PICCO has an extensive network, sophisticated warehousing facilities, and storage logistics with the latest technology, including automated and robotic systems integrated with a very large area.

Meanwhile, Commercial Director of PICCO Bulgaria, Kiril Ivanov, said the need for vegetable fat and its derivatives is very large. He hopes that PICCO can establish long-term cooperation with Indonesia.