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GAPKI - Indonesia Allows The Replanting Of 53,012 Hectares Of Oil Palm In 2023
This article has been translated and summarized by CORIM Indonesia as part of our highlights of services. We has not completely checked the accuracy and admits no responsibility for the content.
Indonesia in 2023 approved the replanting of 53,012 hectares (130,995.5 acres) of palm oil trees on land owned by smallholder farmers under a subsidised programme, data from the country’s palm oil funding (BPDPKS) agency showed on Wednesday.
Indonesia, the world's largest palm oil company, is experiencing stagnation in production due to slow progress in replanting gardens. Despite government efforts to increase food consumption and domestic industry, Indonesia's palm oil stocks are expected to be low. Entrepreneurs hope that the government will implement the right policies to maintain optimism and welcome palm oil trade opportunities in 2024.
source: gapki.id
