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.

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