Jakarta, May 10 news: Indonesian media reported that Indonesia's President Joko Widodo plans to expand the oil palm replay project.
Vidordo originally planned to replay 185,000 hectares of oil palm trees through 2018. This project began in October 2017 and the funds came from
palm oil export fees.
Under this project, cultivators will replant 20,000 hectares of oil palm to increase production. According to the Indonesian Real Estate Crop Fund, the yield of oil palm trees from farmers is only 2 to 3 tons per hectare, which is far below the yield of large companies.
The Indonesian Real Estate Crops Fund specializes in managing the palm oil export fees charged by the government to fund replay projects.
The Indonesian government is considering replaying more than 25 years old oil palm trees with a total area of 5.61 million hectares.
The Indonesian government has stated that if good seed is used to replace the existing oil palm, the yield will increase to 8 tons/ha. The new tree will begin production within two years.
Indonesia’s palm oil exports to the European Union are already under pressure because the EU will ban the use of palm oil for biofuel production from 2021. At the same time, the EU has recently cancelled the anti-dumping tariffs imposed on some Indonesian producers.
