Coordinating Minister for the Economy: Palm Oil Industry Needs to Find New Markets in Developing Countries

News 25, Apr 2018

BALI – Coordinating Minister for the Economic Affairs of Republic Indonesia, DarminNasution, suggested that the Indonesian palm oil industry should find new markets in developing countries. It is also in line with President of Republic Indonesia Joko Widodo’s message to the national palm oil industry.

“Actually, the President wants to say if you want to have more growth, national palm oil industry should not focus in the same market. Start to open new markets in emerging countries,” said DarminNasution after opening the International Conference on Oil Palm and the Environment (ICOPE) 2018 in Bali, Wednesday (25/4).

According to him, the new market of developing countries has three advantages. “The population is large, the income is also good, and growth of necessities is higher. That’s the President’s message,” Darmin said.

The government (the Ministry of trade in particular) has arranged several bilateral talks with some countries in Africa and Asia. “The population of the two regions is large and the needs are high,” he said.

The palm oil industry is currently conducting an international conference ICOPE 2018 to discuss the sustainability and future of this industry sector. Chairman of ICOPE 2018 Jean Pierre Caliman, explained that ICOPE has earned global recognition in the scientific community as a useful and unbiased resource on palm oil production and sustainability. ICOPE is the only international conference dedicated to oil palm and the environment, attracting such a large number and variety of participants.

“ICOPE was initiated 11 years ago by three partners, with shared values around achieving sustainability in the oil palm industry through close collaboration, and trust in science,” he said.

Franky O. Widjaja, Chairman and CEO of Sinar Mas Agribusiness and Food, added that the palm oil industry is a major and important industry in Indonesia. This industrial sector is an economic engine that creates jobs, reduces poverty, and improves the lives and welfare of millions of Indonesians. “The palm oil industry employs 21.2 million people directly and indirectly, generating US $ 21.25 billion from exports by 2017,” he said. (*)