Indonesia: Jokowi wants to ban coconut exports, entrepreneurs reveal the facts

Published 2023년 8월 16일

Tridge summary

Coconut entrepreneurs in Indonesia are responding positively to President Jokowi's plan to close the export tap for commodities like palm oil, seaweed, and coconut in order to boost processing and refining in the country. The Indonesian Coconut Processing Industry Association (HIPKI) sees this as a good signal and is encouraged to innovate and create more coconut-derived products. However, the development of coconut downstream industries is still hindered by a lack of technology, and the support of research institutions and universities is needed to develop new innovative products that can be adopted by HIPKI and sold in the export market.

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

Original content

Jakarta, CNBC Indonesia - Coconut entrepreneurs in the country are responding to President Joko Widodo's (Jokowi) discourse that he will close the export tap for exports of palm oil, seaweed, coconut and other potential commodities. This, he said, was part of an effort to boost processing and refining or downstream development in the country. Co-Founder and Vice Chair for Institutional Cooperation of the Indonesian Coconut Processing Industry Association (HIPKI) Amrizal Idroes said Jokowi's statement was a very good signal. This, he said, gave HIPKI encouragement to be able to innovate even more in creating products derived from coconut. Amrizal revealed, downstream of coconut in Indonesia is still very small. Although, he added, the HIPKI movement had started several years ago. "Oh, there's still a lot that hasn't been downstreamed. Our coconut production is nationally around 15 billion coconuts, so only about 1 billion coconuts have been downstreamed," he told CNBC Indonesia, ...

Source: Cnbcindonesia