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

Channel News Asia LogoChannel News Asia3h ago

Indonesia confident palm oil production can be increased to meet biofuel demand - Channel News Asia

Quick Summary:

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:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 10:51:38 (3 hours 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)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23455771

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 54 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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It's most recent story was published 2 hours ago.

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  • URL: https://beamstart.com/news/indonesia-confident-palm-oil-production-1730952195

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