The Ownership of Smallholders' Palm Oil Plantations is Less, Private Companies Are Getting Bigger

The Business Competition Supervisory Commission (KPPU) found that national or community ownership of oil palm plantations was decreasing. On the other hand, private ownership of oil palm plantations is increasing.

KPPU's Commissioner, Ukay Karyadi, said that throughout 2021 there were a number of acquisitions by private companies. It was carried out against a national oil palm plantation company. "From the KPPU's own data, last year there were 10 acquisitions of palm oil plantations by larger companies. In which 5 Malaysian companies acquired national companies, on the other hand, Malaysian (companies) acquired Malaysian (companies)," he said in Indef's virtual discussion, "So the more the sovereignty of the oil palm plantation decreases in terms of ownership. People's ownership is decreasing, national ownership is also decreasing. This needs to be a concern for all," he added. With the acquisition, he said, the percentage of ownership of oil palm plantations managed by the community also decreased. This is a domino effect that occurs in the upstream sector. "Every year, people's ownership decreases because they are taken by medium-sized companies. Every year, medium-sized companies also decrease because they are acquired by large companies," he said.

|•SOURCE•| Articles :MERDEKA | Image :TRIBUN |

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