Thanks to Palm Oil Exports, BPDPKS Revenue Soared 241% in 2021

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Reza Pahlevi 26/04/2022 10:40 WIB

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The Indonesian Palm Oil Plantation Fund Management Agency (BPDPKS) recorded revenue of Rp72.45 trillion in 2021. Rp71.64 trillion of this came from palm oil export levies.

Revenue of the Indonesian Palm Oil Plantation Fund Management Agency (BPDPKS) (2016-2021)

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Thanks to Palm Oil Exports, BPDPKS Revenue Soared 241% in 2021

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Revenue of the Indonesian Palm Oil Plantation Fund Management Agency (BPDPKS) (2016-2021)

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The Indonesian Palm Oil Plantation Fund Management Agency (BPDPKS) recorded revenue of Rp72.45 trillion in 2021, a surge of approximately 241% from Rp21.27 trillion in 2020.

Almost 99% of BPDPKS's 2021 revenue, or Rp71.64 trillion, came from palm oil export levies. Revenue from fund management amounted to only Rp810 billion.

These palm oil export levies did not enter the state treasury but were instead channeled back into the industry through biodiesel incentives and the People's Palm Oil Rejuvenation Program (PSR).

From its establishment in 2015 to 2021, BPDPKS has disbursed Rp110.03 trillion for biodiesel production incentives, totaling 33.05 million kiloliters.

Meanwhile, Rp6.59 trillion has been disbursed for the PSR, rejuvenating a total area of 242,500 hectares (ha).

The Directorate General of Plantation of the Ministry of Agriculture recorded the area of ??people's palm oil plantations at 6.09 million ha in 2021. This means that the total rejuvenated land area is approximately 4% of the total area of ??people's plantations.

(Also Read: Indonesia Controlled 46% of Global CPO Exports in 2020)

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Thanks to Palm Oil Exports, BPDPKS Revenue Soared 241% in 2021

Thanks to Palm Oil Exports, BPDPKS Revenue Soared 241% in 2021

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Thanks to Palm Oil Exports, BPDPKS Revenue Soared 241% in 2021

Thanks to Palm Oil Exports, BPDPKS Revenue Soared 241% in 2021

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