Indonesia adds palm oil to the government’s online tracking system

Published 2024년 10월 11일

Tridge summary

The Indonesian government, led by Senior Minister Luhut Paandjaitan, is set to include palm oil in its online tracking system, SIMBARA, to enhance accountability in the world's largest palm oil producer and exporter. This initiative aims to ensure compliance with taxes, land permits, and other regulations, by digitally tracking the supply chain. The government hopes to increase revenue by following the example of increased coal revenue after the implementation of SIMBARA for coal and domestic shipments of nickel and tin. The specific inclusion of palm oil in SIMBARA and additional initiatives to improve industry governance are anticipated with the incoming president-elect Prabowo.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Senior minister Luhut Paandjaitan announced on Wednesday that the Indonesian government plans to add palm oil to its online tracking system to improve accountability. Indonesia is the largest palm oil producer and exporter in the world. In 2022, the online system SIMBARA was implemented for the first time to track coal movements. The government began tracking domestic shipments for nickel and tin using SIMBARA this year. Indonesia has committed to improving the governance of palm oil industry in order to ensure compliance with taxes, land permits, and other rules as well as better monitoring the latest conditions. Luhut, a member of the Palm Oil Farmers Association, told a conference that the government hopes to increase revenue by digitally tracking the supply chain for palm oil. According to him, the government’s coal revenue increased by 40% following SIMBARA’s implementation. Luhut didn’t elaborate when palm oil would be included in SIMBARA but said that the ...

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