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NEWS UPDATES 16 November 2009

Indonesia determined to be the palm oil giant

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Indonesian government would continue to strive to make Indonesia the world’s biggest palm oil producer, Antara news agency quoted Agriculture Minister Suswono as saying.

"Palm oil is one of the commodities the state is relying on for foreign exchange income. So far the commodity has contributed a lot in increasing the state`s foreign exchange reserves," he said.

He said the country`s palmoil exports in 2007 reached $8.87 billion and they rose up 39.5 percent or $12.38 billion in 2008.

He said the agriculture ministry had cooperated with the ministries of education, manpower and the association of palm oil producers to develop human resources to support the development of palm oil agribusiness.

He said the government was aware that palm oil companies needed human resources who were ready to work for industrial development.


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