Indonesia allocates a huge budget of US$604mil to boost agricultural downstreaming


Photo: Jakarta Post/Asia News Network

JAKARTA (Xinhua): Indonesia has allocated 9.9 trillion rupiahs (US$604 million) to strengthen the downstreaming of key plantation commodities and improve farmer welfare, Agriculture Minister Andi Amran Sulaiman has announced.

The budget will support replanting and expansion of coconut, cocoa, cashew, coffee, pepper, and nutmeg across 800,000 hectares nationwide, focusing on regions with suitable agro-climatic conditions, the minister told a press conference in Jakarta.

The programme is expected to generate 1.6 million jobs within two years while raising the added value of Indonesia's agricultural products in domestic and global markets, he said.

Amran added that the downstreaming initiative forms part of government efforts to ensure food security, expand employment opportunities and promote sustainable plantation development. - Xinhua

 

 

 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

ADB approves US$400mil loan to make it easier to do business in the Philippines
Youth urged to uphold Brunei identity amid modern challenges
Twelve killed in residential fire in southern China: Xinhua
South Korea protests over China, Russia aircraft incursions
‘Like a roller-coaster ride’: Singaporeans in Japan recount experience during 7.5-magnitude quake
Trump plans call to mediate Thailand-Cambodia border clashes
Cambodia pulls out of SEA Games
'This is the end': Australian teens mourn loss of social media as ban begins
Laos, China mull plans to beef up investment cooperation
Taiwan RedNote ban backfires, driving mainland Chinese app’s top download rise

Others Also Read