July 25, 2024
The government plans to change the Palm Oil Plantation Fund Management Agency (BPDPKS) to the Plantation Fund Management Agency (BPDP). The Coordinating Minister for the Economy, Airlangga Hartarto, conveyed this to the media crew in Jakarta on Thursday (25/7).
The conversion aims to increase the plantation sector’s results in each region through fund management so that it does not only focus on palm oil plantations.
Therefore, Airlangga continued, the government plans to convert BPDPKS to BPDP, which will manage plantation financing, including cocoa, coconut, and rubber. Although the genre is the same, coconut, rubber, and cocoa have so far lagged behind palm oil.
Airlangga added that BPDP will later be tasked with revitalizing other plant commodities, especially cocoa, rubber, and coconut.
According to Airlangga, plantation fund management is needed to maximize the results of plantations in each region in Indonesia evenly to provide raw materials for other industries.
Airlangga gave an example: cocoa plantations in the Sumatra and Kalimantan regions have more potential to be developed further. Therefore, Airlangga emphasized that the government will encourage the cocoa industry to be boosted again. The area of cocoa plantations in Indonesia once reached 800,000 ha during its heyday. However, less than 200,000 ha remain, so raw materials will be lacking when the cocoa processing industry revives.***
Source: Kontan.co.id