Jakarta (ANTARA News) - Indonesia, as the world`s largest crude palm oil producer, needs to develop an oilpalm system of international standard, according to an official.
"We need to develop an Indonesian-style oilpalm system, we are the largest CPO producer and exporter, we need to set up the best certification system, including in pricing, we must be leading. Until now we still refer to Rotterdam," Bayu Krisnamurthi, deputy coordinating minister for economic affairs (in charge of agricultural and marine sectors), said here on Thursday.
Indonesia`s CPO (crude palm oil) production currently reached around 19-20 million tons, and it is estimated to increase to 40-45 million tons in the next 10 years to come, according to him.
The country`s CPO production was the largest in the world and supplied around 95 percent to the world`s market, he said.
The estimated production of 40-45 million tons in the future had not yet included the land expansion in Papua, he said.
In the next few years, the CPO productions in Sumatra and Kalimantan Islands would be booming, he added.
"Malaysia`s CPO production will not develop further due to limited land availability there," he said.