Indonesia plans to add palm oil to government online tracking system

Published 2024년 10월 10일

Tridge summary

The Indonesian government is contemplating to include palm oil in its online tracking system, SIMBARA, which was initially implemented to monitor coal movements. This move is aimed at enhancing accountability and governance in the palm oil industry by ensuring compliance with taxes, land permits, and other regulations. Since the introduction of SIMBARA for coal, the government has seen a 40% increase in revenue from coal sales. The inclusion of palm oil in SIMBARA will enable the government to collect more accurate sales data, thereby increasing revenue from the sector. The decision on when to include palm oil in SIMBARA will be made by the incoming President-elect Prabowo Subianto.

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Original content

The Indonesian government is considering adding palm oil to its online tracking system to improve accountability and governance, Senior Minister Luhut Pandjaitan said on Wednesday. Indonesia is the world's largest producer and exporter of palm oil. The online system, known as SIMBARA, was first implemented in 2022 to track the movements of coal. The government began tracking domestic shipments of nickel and tin on SIMBARA this year. Indonesia has pledged to improve governance of the palm oil industry to ensure compliance with taxes, land permits and other regulations, and to better monitor the latest developments in the industry. Luhut made the remarks at a forum attended by members of a palm oil farmers' association, which will allow the government to collect up-to-date and more accurate sales data and hopes to increase revenue from the sector. Since the implementation of SIMBARA, he said, the government's revenue from coal sales has increased by 40%. Luhut did not specify ...

Source: Oilworld