Palm Oil Supports Riau's Economy
Palm oil is one of the strategic commodities that has a big role in the lives of the people of Riau Province. Apart from playing a good role in the economic aspect,
oil palm also plays a role in the social aspect. Executive Director of the Palm Oil Agribusiness Strategic Policy Institute (PASPI) Indonesia, Tungkot Sipayung said that the export value of palm oil products from year to year continues to increase in Bumi Lancang Kuning. Even from the data provided by PASPI, from 25 palm oil producing regions in Indonesia, Riau has the top position in producing Crude Palm Oil (CPO) in Indonesia. "Annually, CPO from Riau accounts for 20 percent of the total CPO of all palm oil producing areas in Indonesia. After Riau, Central Kalimantan is in second place with 17 percent," said Tungkot Sipayung, who currently has the largest palm oil plantation in Indonesia, almost 3 million hectares. Of that amount, about 2 million hectares are community gardens. "So, of the 3 million hectares of oil palm plantations in Riau, 65 percent are community gardens. 33 percent are privately owned and only 2 percent are state-owned," said Tungkot. According to Tungkot, the distribution of CPO from 12 regencies/cities in Riau, Pelalawan Regency is in the top position of 1.4 tons per year. Followed by Rokan Hulu with 1.2 million tons and Siak with 1 million tons. From all of this, Tungkot believes that palm oil products are the largest foreign exchange-producing commodity in Riau Province outside of non-oil and gas exports. "Moreover, Riau's oil and gas exports are decreasing every year. If you calculate it, last year's palm foreign exchange from Riau was close to 5 billion USD. It's a little different from Oil and Gas," he said.
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