Jakarta, March 11 -- The Indonesian government will carry out the downstreaming of the palm oil industry in four stages, National Development Planning Minister Rachmat Pambudy has said.

As it is a strategic commodity, based on the National Long-Term Development Plan 2025-2045, the downstreaming of palm oil will be carried out in at least four stages, he informed.

They are strengthening the industrialization ecosystem, increasing production capacity for domestic needs, strengthening industrial competitiveness toward global expansion, and achieving net exports.

"We hope that palm oil downstreaming will support high and sustainable growth," he said at an online seminar held by the IPB University on Tuesday.

According to Rachmat, palm oil...