Jakarta, July 3 -- President Prabowo Subianto instructed domestic cooperatives to actively engage in the palm oil industry's supply chain, spanning from plantation management and crude palm oil (CPO) processing to downstream derivative products.

The policy shift aims to dismantle private sector monopolies and establish a more equitable trade ecosystem for local farmers, according to Cooperatives Minister Ferry Juliantono.

"Previously, everything was private: the plantations were private, the CPO was private, and the derivative products were private," he stated during a press conference here on Thursday (July 2).

"Now, under the President's direction, cooperatives must be involved not only in the plantations but also in the production p...