Indonesia is expanding its industrial strategy to include the development of handicrafts made from palm oil by-products, aiming to enhance the global competitiveness of its creative economy.
The Ministry of Industry announced the move as part of a broader effort to diversify revenue streams beyond raw commodity exports and improve margins for local producers.
The initiative signals a shift toward higher-value manufacturing within the palm oil supply chain.
By transforming waste materials and secondary outputs into marketable goods, Indonesian firms seek to capture additional value that has traditionally been lost in the processing stage.
This aligns with national goals to strengthen the creative industry sector and reduce reliance on volatile bulk commodity prices.
In related markets, Malaysian palm oil futures advanced for a third consecutive session, supported by robust export data from the region and broad strength across global edible oil benchmarks.