Indonesia has the potential to become the king of the palm oil industry

Published 2021년 9월 15일

Tridge summary

The Indonesian Ministry of Industry is encouraging palm oil industry players to downstream their products to increase added value, as the country has a high competitiveness potential with being the largest supplier of crude palm oil. The government's strategy focuses on downstreaming the CPO industry into oleofood, oleochemical, and biofuels. The pilot plant facility will be provided by the government to assist industry players in adopting innovations and advanced technology to improve competitiveness.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

WartaTani.co – The upstream industry sells raw materials. So, the Indonesian Ministry of Industry (Kemenprin) encourages palm oil-based industry players to continue to move downstream. The further downstream, the greater the added value generated. With national production reaching 52 million tons of crude palm oil (CPO), and being the largest supplier of 45 percent of the world's needs, Indonesia certainly has high competitiveness potential in the downstream sector. "We noted that in the industry there are 160 downstream products that can be produced domestically. Good for food, nutrition, chemicals, and renewable energy fuels," said the Acting Director General (Dirjen) of the Agro Industry of the Ministry of Industry, Putu Juli Ardika, in a press statement released in Jakarta, Thursday (9/9/2021). In Indonesia, only about 25 percent of CPO production is absorbed by the local market. The rest is for export needs. Of the amount exported, 83 percent were processed products, and only ...

Source: Wartatani