Port Moresby, 12th March 2025 – The Oil Palm Industry Corporation (OPIC) has welcomed the National Executive Council’s (NEC) approval of the National Palm Oil Policy 2025-2030, calling it a historic milestone for Papua New Guinea’s largest agricultural export industry.
Speaking after the NEC’s decision on Monday, March 10, 2025, OPIC General Secretary Kepson Pupita described the policy’s approval as “a game-changer that will regulate, expand, and empower the oil palm sector, particularly for smallholders and landowners”.
“The NEC’s approval of the National Palm Oil Policy 2025-2030 is a landmark achievement,” Mr Pupita said. “For the first time in 50 years, we have a comprehensive national framework that ensures transparency, accountability, and sustainability in the oil palm industry.
“The new policy introduces critical reforms aimed at enhancing industry oversight, strengthening smallholder participation, and ensuring equitable benefit-sharing.”
Key provisions include:
• OPIC’s transformation into a regulatory authority to oversee the industry.
• A structured licensing system to ensure compliance with environmental, social, and economic standards.
• A reformed levy system ensuring funds support smallholders, research, and rural infrastructure.
• A stronger focus on landowner participation, allowing them to share in the wealth generated by the industry.
Mr Pupita emphasised that the policy aligns with the Marape-Rosso Government’s vision of a K200 billion economy by 2030, with agriculture projected to contribute K30 billion. The oil palm industry, which already generates K2 billion annually, remains a key driver of economic growth.
“With NEC’s approval, we now have a clear path forward to implement industry reforms that will ensure greater fairness and sustainability,” Mr Pupita said. “This policy is not just about regulation—it’s about empowering Papua New Guineans and securing long-term prosperity for our people.
“OPIC will lead the implementation of the National Palm Oil Policy 2025-2030, working alongside government agencies, private sector stakeholders, and landowner groups to ensure its successful execution.
“This is a defining moment for the future of the oil palm industry in Papua New Guinea. We are committed to ensuring that this policy delivers real benefits to smallholders, landowners, and the broader economy,” Mr Pupita concluded.
ENDS