Agriculture in Indonesia the 16th century. Indonesia is both the world's biggest producer and consumer of the commodity, providing about half the world supply. Oil palm plantations stretch across 6 million hectares. Palm oil is the essential ingredients to produces cooking oil, as well as other food and cosmetics products. The country also aimed to be the largest palm-based biofuel production center. Coconut plays an important role in Indonesian cuisine as well as its economy. Coconut milk is an important common ingredients in numbers of Indonesian favourites, including "rendang" and "soto". According to figures published in December 2009 by the Food and Agriculture
Commodity currency Commodity currency A commodity currency is a name given to some currencies that co-move with the world prices of primary commodity products, due to these countries' heavy dependency on the export of certain raw materials for income. Commodity currencies are most popular in developing countries (eg. Burundi, Tanzania, Papua New Guinea). However developed countries like Canada and Australia can also have this type of currency. For example, the Canadian Dollar grows stronger, the higher the price of soybeans and oil because these are Canada's two major commodities. In the foreign exchange market, commodity currencies generally refer to the Australian dollar,