Salim Group’s Palm Oil Firms Post Strong Profits Amid Trump Tariff Threats

Salim Group’s Palm Oil Firms Post Strong Profits Amid Trump Tariff Threats

The new US tariffs could pose a risk to Indonesia’s palm oil exports. Meanwhile, palm oil producer under the Salim Group has reported solid profits.

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Jumat, 4 April 2025 | 13:18

Bisnis.com, JAKARTA – The newly imposed import tariffs by President Donald Trump could pose a significant threat to Indonesia’s palm oil industry. However, Salim Group’s palm oil and CPO producers, PT Salim Ivomas Pratama Tbk. (SIMP) and PT PP London Sumatra Indonesia Tbk. (LSIP), saw a surge in net profits in 2024.

This growth aligns with data from the Central Statistics Agency (BPS), which shows a steady increase in export volumes and transaction values to the United States in recent years.

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