Indonesia says 200,000 hectares of palm plantations to be made forests

Published 2023년 11월 1일

Tridge summary

The Indonesian government plans to return around 200,000 hectares of oil palm plantations located in designated forest areas back to the state to be converted back into forests. This move comes as part of efforts to fix governance in the palm oil sector and mitigate climate change. Companies have until November 2, 2023, to submit paperwork and pay fines to obtain cultivating rights on their plantations, and the government is still determining which plantations are in protected areas and must be returned.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

JAKARTA (Nov 1): Some 200,000 hectares (494,210 acres) of oil palm plantations found in areas designated as forests in Indonesia are expected to be returned to the state to be converted back into forests, a government official said late on Tuesday. Indonesia, the world's biggest palm oil producer and exporter, issued rules in 2020 to sort out the legality of plantations operating in areas that are supposed to be forests, aimed at fixing governance in the sector. Officials said the measures were necessary as some companies have already been tending the land for years, although green groups have attacked the government for forgiving past forest encroachment. Companies have to submit paperwork and pay fines to obtain cultivating rights on their plantation by Nov 2, 2023, according to the rules. While 3.3 million hectares (8.1 million acres) of the country's nearly 17 million hectares of palm plantation have been found in forests, only owners of plantations with a combined size of ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.