Indonesia's Minister of Agriculture, Amran Sulaiman, announced a IDR802.58 trillion (US$49 billion) investment opportunity in the food downstreaming program targeting 11 commodities, with an initial focus on seven key commodities requiring Rp406 trillion. These include garlic, cassava, palm oil, coconut, sugarcane, palm, and cattle. The program aims to reduce imports by boosting local agricultural production and increasing the value of export-oriented products. Palm oil dominates the investment, with IDR321.13 trillion focused on crude palm oil (CPO) and biodiesel production. Other key initiatives include utilizing 300,000 hectares of coconut plantations and developing cassava-based industries to create 1.45 million jobs. This downstreaming effort is expected to significantly boost regional economies and multiply benefits across other sectors, as seen in prior agricultural investments. Investment in the agricultural sector will drive other sectors and it will add up to 33 times more. Statistics Indonesia (BPS) has recorded that agricultural investment worth IDR1,366 trillion in 2016 successfully drove six economic sectors with a total value of IDR45,336 trillion.Source: https://indonesiabusinesspost.com/3880/investment-and-risk/ri-eyes-us-49b-investment-in-food-downstreaming-to-boost-economy-cut-imports (ICE GIACARTA)

Fonte notizia: Indonesia Business Post, 10 March 2025