GAPKI concerned about possible move to B50

October 30, 2024 |

In Indonesia, the Indonesian Palm Oil Association (GAPKI) expressed concern over challenges facing the palm oil industries in the implementation of biodiesel 50 percent (B50) program amid the continually stagnant production of palm oil in Indonesia.

GAPKI Chairman Eddy Martono said that the implementation of B50 mandatory policy is potential to reduce palm oil exports up to 6.0 million tons, which will in turn slow down the efforts to increase production. Exports are important for the palm oil industries to raise palm oil fund through export levies, which are collected by the oil palm plantation fund management board (BPDPKS) and are used as the main source of funding for important programs, including the replanting program of smallholders’ palm plantations.

Tags: , ,

Category: Policy

Thank you for visting the Digest.