Indonesia plans to produce a quarter more palm oil by 2030

Indonesia plans to increase crude palm oil production to 60 million tonnes per year by 2030 from 48.2 million tonnes in 2024 to meet growing demand, the country’s Plantation Funds Management Agency (BPDP) said. The five-year growth is expected to be 24.8%.

The agency noted that demand for crude palm oil continues to grow in the food, biofuel and oleochemical industries, while export figures are also rising. The target of 60 million tonnes per year by 2030 can meet both domestic consumption, biofuel and oleochemical needs, as well as international demand for Indonesian products.

To achieve its target, the BPDP has implemented human resource development programs, including scholarships and technical training for palm growers. These initiatives are expected to promote knowledge, skills, professionalism, independence and competitiveness.

The government has also launched a plantation restoration program aimed at increasing oil palm productivity.

Earlier it became known that the country is seeking zero tariffs from the United States on the export of cocoa, coffee and palm oil.

Tags: Indonesia, palm oil