Indonesia Palm Oil
Indonesias oil palm plantation and processing industry is a key industry to the countrys economy. It was realized out of a growing awareness among the palm oil producers. Governing Sustainable Palm Oil In Indonesia An Evolving Policy Regime Cifor Forests News It supports the livelihoods of more than 16 million Indonesian smallholders and workers. Indonesia palm oil . Its Crude Palm Oil CPO production reached an average of 235 million tons per year with a domestic consumption of only around 78 million tons per year. Indonesia is the Worlds Largest Producer and Exporter of Palm Oil. Throughout 2020 palm oil products export volume was 34 million tons lower than 2019s 3739 million tons. Palm oil is indeed a highly strategic commodity for Indonesia. The total exports of Indonesian crude palm oil reached US585 billion in October 2020 despite the various obstacles imposed by the EU Mahmud said. The palm oil industry is one of Indonesias biggest earners of foreign exchange revenue