Indonesia world’s largest palm oil producer

Reading Time: 1 minute

palm-oilGrowing demand for Indonesia’s palm oil and its domination of the world market was an attracting topic in a conference held at the Indonesian Consulate General in Hamburg, Germany, on November 30, Antara News reported.

Indonesia is currently the worlds largest producer of palm oil and therefore any issue related to the commodity would be important for the country, Bangun said in the the Oil World Outlook Conference, organised by ISTA Mielke GmbH (Oil World), a company operating in data analysis and information about world market of edible oils.

Bangun said palm oil industry provides livelihood for millions of Indonesian farmers, adding 42 per cent of 9.1 million hectares of oil palm plantations in the country are owned by smallholders. He denied accusations that Indonesia has destroyed its tropical forests to provide space for oil palm plantations. The government has issued regulation to protect the environment including the forests such as by zero burning regulation in opening new plantations. The government has also extended moratorium banning conversion of forests into new plantations, he said.

Bangun said he was confident that palm oil would continue to dominate vegetable oil market in the European Union despite restriction and attempt to boycott Indonesian palm oil based products like bio-fuel.

One of the big challenges being faced by Indonesian palm oil producers is to include palm oil in the APECs commodity agenda to be accepted as an inclusive and sustainable commodity. Indonesia is especially interested in having palm oil in the agenda as palm oil concerns the welfare of many Indonesian farmers and to reduce poverty in rural areas.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 1 minute

Growing demand for Indonesia’s palm oil and its domination of the world market was an attracting topic in a conference held at the Indonesian Consulate General in Hamburg, Germany, on November 30, Antara News reported.

Reading Time: 1 minute

palm-oilGrowing demand for Indonesia’s palm oil and its domination of the world market was an attracting topic in a conference held at the Indonesian Consulate General in Hamburg, Germany, on November 30, Antara News reported.

Indonesia is currently the worlds largest producer of palm oil and therefore any issue related to the commodity would be important for the country, Bangun said in the the Oil World Outlook Conference, organised by ISTA Mielke GmbH (Oil World), a company operating in data analysis and information about world market of edible oils.

Bangun said palm oil industry provides livelihood for millions of Indonesian farmers, adding 42 per cent of 9.1 million hectares of oil palm plantations in the country are owned by smallholders. He denied accusations that Indonesia has destroyed its tropical forests to provide space for oil palm plantations. The government has issued regulation to protect the environment including the forests such as by zero burning regulation in opening new plantations. The government has also extended moratorium banning conversion of forests into new plantations, he said.

Bangun said he was confident that palm oil would continue to dominate vegetable oil market in the European Union despite restriction and attempt to boycott Indonesian palm oil based products like bio-fuel.

One of the big challenges being faced by Indonesian palm oil producers is to include palm oil in the APECs commodity agenda to be accepted as an inclusive and sustainable commodity. Indonesia is especially interested in having palm oil in the agenda as palm oil concerns the welfare of many Indonesian farmers and to reduce poverty in rural areas.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid