Cargill warns on Indonesian palm oil curbs – Nikkei Asian Review

JAKARTA — Ahead of the inauguration of President-elect Joko Widodo, one of the world’s largest agribusinesses has warned that Indonesia’s proposal to lower the cap on foreign ownership of oil palm plantations will deter foreign investment in the industry. John Hartmann, CEO of Cargill Tropical Palm Holdings, told the Nikkei Asian Review that a draft bill proposing the curbs came as a surprise and said his company hopes the Indonesian parliament will reconsider the move.