Supported by LPEI Financing, Coconut Exports Continue to Grow Amid Global Pressure

SURABAYA - PT Mega Global Food Industry (Kokola) ensures that its export activities remain stable despite facing pressure due to global conflicts and weakening of the rupiah exchange rate.

The biscuit and wafer products produced by this company have now reached more than 55 countries such as Australia, Japan, South Korea, and the Philippines, with the support of joint cooperation with more than 100 supermarket networks in various countries.

Director of PT Mega Global Food Industry (Kokola Group), Richard Cahyadi stated that this achievement reflects the ability of Indonesian products to meet international quality standards, while remaining competitive in terms of price.

"This achievement also shows the ability of Indonesian products to meet high quality standards, but still maintain the competitive side of the price to consumers," he said in a Media Gathering of the Ministry of Finance, Friday, April 17.

He explained that the success of these exports is also inseparable from the support of various parties, including collaboration with the Indonesian Export Financing Agency (LPEI).

According to him, this cooperation makes an important contribution to strengthening the financial structure, increasing cost efficiency, maintaining supply chain stability, and accelerating the company's export growth.

In addition, Richard also appreciated the synergy between the local government and the Ministry of Finance which played a major role in supporting business activities, especially in the export sector which has provided optimal support in improving the capacity and capabilities of companies.

"This support gives us a strategic position to represent Indonesia in playing a role in filling the global food industry supply chain," said Richard.

He also added that access to competitive financing is a crucial factor in export activities and in this case, the Export Special Assignment (PKE) program from LPEI provides financing support both at the initial and final stages of the export process, as well as guarantee facilities that increase the sense of security for business actors.

"In addition, the existence of a guarantee facility also gives us a sense of security with this support, the export team becomes more confident and does not hesitate to expand the market and penetrate the global export market," he added.

Meanwhile, LPEI's Business Director II Sulaeman said that Kokola was one of the beneficiaries of the PKE Trade Finance program.

He added that this program aims to encourage the competitiveness of national industries and MSMEs in the global market while providing economic development impacts.

"In this case, PT Mega Global Food Industry is one of the business actors who receive the benefits of PKE Trade Finance," he said.

According to Sulaeman, LPEI supports export activities through pre-shipment and post-shipment financing, so that exporters can maintain cash flow and obtain working capital for production.

"Until 2025, exporters have utilized the PKE Trade Finance facility with a total limit of IDR 3.35 trillion. Meanwhile, the realization of distribution throughout 2025 was recorded at IDR 7.68 trillion," he said.

He added that the processed food sector was the largest contributor to the program's portfolio, with a share of 39 percent or covering 31 debtors.

Sulaeman said that overall, this program has reached 18 industrial sectors, including rubber, coffee, furniture, footwear, textiles, jewelry and gems, tea and spices, wood products, handicrafts, electronic products, chemical products, automotive components, leather products, electrical machinery and equipment, iron and steel, agricultural products, and paper products.

"In addition to providing financial support for business actors, PKE Trade Finance also plays a role in encouraging the creation of development impact. Throughout 2025, the distribution of PKE Trade Finance has contributed to the creation and/or saving of foreign exchange of IDR 21.12 trillion," he said.