Indonesia seeks to become world palm oil pricer

Indonesia’s Agriculture Ministry has set a goal of making the island nation the world’s largest producer of palm oil by 2025.

Indonesia’s Deputy Minister of Agriculture Sudarjono said Indonesia aims to price the commodity on the world market as soon as possible. In order to achieve this goal, he called on farmers and businessmen to consider Indonesia’s palm plantations as high-priority agricultural areas that need special attention to strengthen the national economy.

Sudareno emphasised that Indonesia has been working to increase downstream processing of palm oil, including the higher-value B50 biodiesel. He noted that B50 is Indonesia’s ‘negotiating card’ in the international arena, and that B50 is expected to provide Indonesia with the opportunity to maximise the uptake of its palm oil production.