News

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

RBD Palm Oil
Indonesia
Published Sep 16, 2021

Tridge summary

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 are processed products, and only 17 percent are processed products.

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

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