Palm oil accounts for 11% of Indonesia’s export earnings of $5.7bn. Maintaining its status as the world’s largest producer of palm oil, Indonesia has projected a figure of 40 million tonnes by 2020.
How much of Indonesia’s economy is from palm oil?
In terms of agriculture, palm oil is the most important industry of Indonesia contributing between 1.5 – 2.5 percent of the nation’s gross domestic product (GDP). Almost 70 percent of Indonesia’s oil palm plantations are located on Sumatra where the industry was started during the Dutch colonial days.
What country has the most palm trees?
Top Palm Oil Producing Countries In The World
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How much land does palm oil use in Indonesia?
Indonesia has about 14 million hectares of land planted with oil palm.
Is palm oil native to Indonesia?
Indonesia and Malaysia produce 86% of the world’s palm oil and it is crucial to their economies. It has created extensive employment, elevating many people from the depths of poverty.