country palm oil processing in indonesia

   
country palm oil processing in indonesia
                                               
                                               
                                               
                                               
  • country palm oil processing in indonesia
What is Indonesia's oil palm plantation & processing industry?

Indonesia's oil palm plantation and processing industry is a key industry to the country's economy: the export of palm oil is an important foreign exchange earner while the industry provides employment opportunities to millions of Indonesians.

Does Indonesia produce palm oil?

The table above shows production of palm oil has grown rapidly in Indonesia over the past decade. The Indonesian Palm Oil Association (Gapki) stated that its target is to see Indonesia producing at least 40 million tons of CPO per year from 2020.

How does Indonesia support the palm oil industry?

The Indonesian government is also supportive of the palm oil industry, and has implemented a number of policies to promote its growth and development. These include tax breaks for palm oil companies, subsidies for fertilizers and pesticides, and investment in infrastructure. Also read: 7 Reasons and Advantages for Starting a Business in Indonesia

Why are big Indonesian companies investing in palm oil refining?

Big Indonesian companies (for example Unilever Indonesia) have invested heavily in recent years to expand palm oil refining capacity. This is in line with the government's ambition to extract more revenue from Indonesia's natural resources.