Indonesia May Seize Another 5 Million Hectares of Palm Oil Plantations in 2026

PALM OIL - JAKARTA. President Prabowo Subianto on Wednesday said that Indonesia may seize an additional 4 million to 5 million hectares (12 million acres) of palm oil plantations this year.

Last year, his task force, which comprises the military, the police and state prosecutors, took over 4.1 million hectares said to be operating illegally in forest areas, targeting major palm oil companies and â??smallholder farmers alike.

Read Also: European Stocks Rise, Dollar Steadies as Markets Look Past Venezuela Turmoil