Pullman Bali Legian Beach
Indonesia has been mulling to impose a moratorium on palm oil plantations for many years now. The moratorium was established in 2011 and was expected to reduce emissions from fires caused by deforestation, when imposed.
However, the country's President Joko Widodo approved a two-year extension to the moratorium on issuing new licenses to use land designated as primary forest and peatland in March this year. This is the third time that an extension has been given on the moratorium.
The new extension allows authorities extra time to pin down regulations on forest use. The government is expected to gather more information and material to decide on licensing and primary forest and peatland governance.
Indonesia - the largest palm oil producer in the world - has often come under criticism for forest destruction to clear land for growing palm oil. The forest and peatland fires have resulted in air pollution in neighbouring Southeast Asian countries too.
The World Bank estimated that 2.6 million hectares of land in Indonesia was destroyed during the massive forest fires in 2015, that affected mainly the island of Sumatra and Kalimantan, the Indonesian portion of Borneo island.
More about Indonesia's palm oil markets will be discussed at CMT's 10th Asia Sustainable Oil Palm Summit on 30-31 July, 2018 in Bali.
Contact Ms. Huiyan at email@example.com or call +65 6346 9113.