Public welfare

Palm oil industry should help increase public welfare: Minister

The great contribution of the palm oil plantation sector must be accompanied by sustainability for the environment and the wider community

Jakarta (ANTARA) – The Coordinating Minister of Economic Affairs, Airlangga Hartarto, believes that the existence of the palm oil industry and its products should be able to increase the well-being of the population.

“We must continue to encourage this strong export potential in line with rising palm oil commodity prices for the welfare of the community,” Hartarto noted at the 5th Borneo Forum held by the Indonesian Palm Oil Association (Gapki), quoted by an official statement received here on Wednesday.

He pointed out that the palm oil industry should be able to promote rural progress, significantly reduce poverty and absorb a large number of workers.

In addition, the development of this industry must prioritize sustainability aspects for the environment and society in order to comply with the principles of sustainable development, Hartarto said.

“The great contribution of the oil palm plantation sector must be accompanied by sustainability for the environment and the wider community,” he remarked.

He then pointed out that the government has implemented various comprehensive policy frameworks and encouraged multi-stakeholder cooperation to consider the environmental sustainability aspects of this industry.

The policy framework comes in the form of the Indonesian Sustainable Palm Oil Certification (ISPO), the National Action Plan for Sustainable Palm Oil (RAN-KSB) 2019-2024 and the National Strategic Program on the popular palm oil rejuvenation (PSR).

On this occasion, the Minister also urged the heads of regions to ensure the sustainability of investments in palm oil, to ensure the legal certainty of companies, to encourage the implementation of the program of popular rejuvenation of palm trees (PSR ), to maintain partnerships between small oil palm plantations and large plantations, to facilitate problem solving and to promote the palm oil industry in their region.

With such efforts, Hartarto believes the palm oil industry would contribute to regional development.

As is known, Indonesia is the largest palm oil producing country accounting for 54 percent of the global market share. The export of industrial products would reach more than 125 countries in food, energy and various other downstream industries.

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