Tangerang, Banten (ANTARA) - The Indonesia Plantation Expo (Bunex) 2024 held by the Ministry of Agriculture resulted in the inking of 11 memoranda of understanding (MoUs) valued at up to Rp3.1 trillion (around US$201.6 million).

"The Bunex 2024 recorded total direct transactions of Rp2.32 billion, with Rp367 billion potential transactions from buyers," Chairman of the Executive Committee of Bunex 2024 Prayudi Syamsuri noted in a statement received here on Monday.

The Bunex 2024, themed "Sustainable Plantations for Food and Energy Security Towards Golden Indonesia 2045," was held on September 12-14 at the Indonesia Convention Exhibition (ICE), Tangerang, Banten.

According to Syamsuri, the exhibition featured 133 booths comprising 60 booths of micro, small, and medium enterprises (MSMEs) and 73 booths of plantation companies and other supporting institutions, attracting more than 15,268 visitors.

Syamsuri also encouraged all parties to improve the quality, added value, and competitiveness of Indonesia's plantation products.

One of the highlights of the expo was the introduction of the B50 biodiesel technology, which is expected to support energy security programs.

"Hopefully, all the efforts that we have made in Bunex can continue to contribute, both now and in the future, to improve Indonesia's welfare," he remarked.

In addition, various awards were bestowed to show appreciation and recognition for the contributions of stakeholders, MSMEs, and business players in the plantation industry.

The expo also featured several palm oil-based processing innovations, talk shows and focus group discussions (FGDs) on palm oil and other plantations, an investment forum, demonstrations of plantation tools and machines, plantation coaching, and other activities.

The Bunex 2024, organized by the Ministry of Agriculture along with the Palm Oil Plantation Fund Management Agency (BPDPKS), is an important event that will expand market access for MSME and millennial business players in the plantation sector.

Acting Director General of Plantation at the Ministry of Agriculture Heru Tri Widarto emphasized the importance of the plantation sector as the most significant contributor of foreign exchange in the non-oil and gas sector.

"The Indonesia Plantation Expo is the right opportunity to promote plantation products in a more modern way," Widarto remarked.

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Translator: Achmad Irfan, Raka Adji
Editor: Azis Kurmala
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