The Indonesian Oil Palm Estate Fund (BPDP) has invested Rp 6.75 billion (US$512,530) with 155 farmers to help them replant their plantations in Siak, Riau. The farmers are partners of palm oil producer Asian Agri.
BPDP president director Bayu Krisnamurti said that was the initial portion of funds to be disbursed by the institution as part of government efforts to support the sustainable palm oil industry. In the first phase of a multi-year program, the BPDP plans to spend Rp 52 billion to replant 2,100 hectares of palm plantations.
