Indonesia plans to double palm oil replanting subsidy to 60 mln rupiah per hectare


File pic — Reuters

JAKARTA: Indonesia plans to double its palm oil replanting subsidy to 60 million rupiah ($3,833.87) per hectare, its chief economic minister Airlangga Hartarto said in a statement on Tuesday, in efforts to accelerate the programme.

Indonesia in 2016 launched a subsidised replanting programme for palm oil, one of its top commodity exports, to boost yields from smallholders without clearing more land.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Indonesia , palm oil ,

Next In Business News

MARC Ratings places Zetrix AI’s IMTN rating on watch amid shareholding, debt concerns
ES Sunlogy wins RM15.63mil electrical services contract in Johor
Malaysia-China Business Council chairman attends China-Asean Expo events
JcbNext sells 2.56% stake in Taiwan’s 104 Corp for RM22.62mil
Capital A moves to restructure Move Digital, exit BigPay stake
TSR Capital secures RM158mil construction contract in Selangor
Ringgit ends higher vs US dollar on easing oil supply concerns
EcoWorld secures S$208.1mil Singapore land for maiden development
Zetrix AI delays cash dividend payment after court injunction
Coal price hike has direct impact on cost of generating electricity

Others Also Read