Indonesia confident palm oil production can be increased to meet biofuel demand

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NUSA DUA, Indonesia :Indonesia's chief economic minister said on Thursday he is confident palm oil production can be increased in coming years to meet the country's rising demand for biofuel.

However, production of the vegetable oil in Indonesia has stagnated in recent years due to aging trees.

The launch target was to replant 180,000 hectares each year, but since 2017, Indonesia has only provided funds to replant 360,000 hectares (890,000 acres), according to Airlangga.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesia

Topics: Hartarto Replanting Economic Minister Biofuel Indonesia Vegetable Government Programme Palm Airlangga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 10:51:38 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23455771

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