Chinese companies boost Indonesian coconut sector

JAKARTA — Several Chinese companies have begun investing in coconut derivative processing plants in Indonesia, opening a new chapter of economic cooperation between the two countries in the coconut downstream sector.

Earlier, Indonesian Minister of Investment and Downstream Industry Rosan Roeslani announced that a Chinese company plans to build a number of coconut processing facilities in several Indonesian cities, with a total investment of $100 million.

"We previously exported unprocessed coconuts to China, but now they will be processed here," Roeslani said.