Top 10 Largest Palm Oil Companies in Indonesia in 2020: SMART at the Top

Indonesia is one of the world's largest palm oil producers. With production concentrated in Sumatra, Kalimantan, and Papua, several palm oil companies have grown to generate trillions of rupiah in annual revenue.

Below are the 10 palm oil companies with the highest revenue in Indonesia in 2020, based on data from *The Science Agriculture*.

1. PT Sinar Mas Agro Resources and Technology (SMART) Tbk – Rp 40.3 trillion
2. PT Astra Agro Lestari Tbk – Rp 18.8 trillion
3. PT Salim Ivomas Pratama Tbk – Rp 14.4 trillion
4. PT Dharma Satya Nusantara Tbk – Rp 6.6 trillion
5. PT Mahkota Group Tbk – Rp 4.1 trillion
6. PT Sawit Sumbermas Sarana Tbk – Rp 4 trillion
7. PT PP London Sumatra Indonesia Tbk – Rp 3.5 trillion
8. PT Sampoerna Agro Tbk – Rp 3.5 trillion
9. PT Bakrie Sumatera Plantations – Rp 2.5 trillion
10. PT Austindo Nusantara Jaya Tbk – Rp 2.5 trillion

PT Sinar Mas Agro Resources and Technology, commonly known as SMART, topped the list of Indonesia's largest palm oil companies in 2020, with revenue reaching Rp 40.3 trillion. (Note: There is a discrepancy between the introduction and the list regarding SMART's revenue. The introduction states Rp 18.8 trillion while the list shows Rp 40.3 trillion. The list figure is used here.)

The company manages 137,372 hectares of land, comprising 106,428 hectares of productive company land and 31,304 hectares allocated for plasma land with local farmers.

In addition to supplying domestic needs, the company also exports to various countries in Europe, the Middle East, the United States, and Africa.

(Read More: CPO Exports Reach US$35 Billion in 2021)