Indonesia becomes the world′s biggest sustainable palm oil producer

03 May, 2012 | Source: Jakarta Post

Indonesia has become the world’s biggest palm oil producer on the back of higher production of locally certified sustainable palm oil (CSPO), an international multi-stakeholder certification body says.

The top place is also attributable to the rising number of local palm oil producers joining in the sustainable certification scheme, says the Roundtable on Sustainable Palm Oil (RSPO) Indonesia.

As of the first quarter of this year, local growers generated around 2.71 million tons of CSPO, overtaking Malaysia — traditionally the largest CSPO producer — which generated 2.69 million tons, RSPO Indonesia director, Desi Kusumadewi, said on Thursday.

The increase in total Indonesian output derived partly from PT Inti Indosawit Subur in Buatan, Riau, which produced a total of 54,282 tons of certified RSPO.

In 2011, the country′s output was 2.3 million tons.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Indonesia′s economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank′s Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu