SINGAPORE - Indonesia's fifth-straight annual decline in primary forest loss in 2021 shows government and business policies are working, experts from the World Resources Institute think-tank say.
The Indonesian government has been trying to control domestic cooking oil prices and this week imposed export ban on palm oil products. But the step has sown uncertainty and sent vegetable oil prices soaring globally. No deforestation, no peat and no exploitation commitments now cover 83 per cent of palm oil refining capacity in Indonesia and Malaysia.
"In general terms, the area of remaining primary forest in Kalimantan and Sumatra that could be converted to palm oil is shrinking," said Mr Rod Taylor, global director of WRI's forests programme.
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