Palm oil cultivation (Elaeis guineensis Jacq) and economic analysis for Indonesia

Setiawan, Iwan and Zulfikar, Akbar, M and Nurfaizah,, Raicitra and Ali Akbar, Zulfi Palm oil cultivation (Elaeis guineensis Jacq) and economic analysis for Indonesia. -. (Unpublished)

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Abstract

Palm oil is an important industrial plant and this commodity has an important and strategic role. First, oil palm (oil) is the main raw material in cooking oil. Second, oil palm is one of the mainstay agricultural commodities of non-oil exports, and Thirdly, in processing production and processing it is also capable of creating employment opportunities and at the same time being able to improve people's welfare. The prospect of the development of the palm oil industry is currently very rapid, where there is an increase in the amount of palm oil production along with the increasing needs of the community. The oil palm industry / plantation is one of Indonesia's leading sectors and its contribution to national non-oil and gas exports is quite large and tends to increase every year. The purpose of this paper is to find out the contribution of oil palm to the Indonesian economy and to know Indonesia's role in the world trade in palm oil. The results of this paper are that the growth of Indonesia's palm oil production has the highest value so that it influences the trade in palm oil. Indonesia's opportunity to grow is relatively higher compared to other countries thanks to the support of land availability and production technology. The highest export of Indonesian palm oil reached 3.5 million tons, while the lowest was only 700 thousand tons. Indonesia has experienced a sharp and consistent increase in the portion of palm oil exports in the last five years because Indonesia has export destinations for other palm oil products.

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