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Jakarta Post

Incentives upcoming for palm oil downstream sector

  • Riyadi Suparno and Nani Afrida

    The Jakarta Post

Nusa Dua, Bali   /   Thu, December 3 2009   /  09:53 am

Indonesia, now the world’s number one crude palm oil (CPO) producer, wants to become number one in the palm oil downstream sector with a number of government incentives currently being deliberated to boost the downstream sector.Coordinating Minister for Economy Hatta Radjasa said on Wednesday that a government regulation was being prepared to provide the basis whereby the government could provide incentives to investors financing the downstream sector of the palm oil industry.“Our palm oil industry has been growing steadily in the upstream sector, now making us the world’s number one palm oil producer,” Hatta Radjasa said, while opening the 5th Indonesian Palm Oil Conference in Nusa Dua on Wednesday. “But we need to deepen the growth of the industry into the downstream sector to provide more employment. With the development into the downstream sector, we would be a giant not on...