In Indonesia, it seems that palm oil has been widely planted by the community, then they process it, and they create various types of oil from palm oil.
They plant palm oil, then sell it to the factory, then the factory will process it into oil.
For oil processing, from abroad also participated in processing, as in this quote I took from Wikipedia.
They say:
Elaeis (from Greek, meaning 'oil') is a genus of palms containing two species, called oil palms. They are used in commercial agriculture in the production of palm oil. The African oil palm Elaeis guineensis (the species name guineensis referring to its country of origin) is the principal source of palm oil. It is native to west and southwest Africa, occurring between Angola and Gambia. The American oil palm Elaeis oleifera (from Latin oleifer, meaning 'oil-producing')
From some of their explanations, that Palm Oil is an industrial plant as a raw material.
While news from India-China, CPO prices tend to reduce production due to natural phenomena
At present the price of oil palm fruit tends to decline, of course this will have an impact on the Indonesian economy, there are no known solutions to overcome the price of oil palm which has decreased. I think hopefully it can be overcome so that the economy, especially in agriculture, continues to improve.
I quote this information from several sources, hopefully it will benefit us all.
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