Stunting is a condition where a child’s growth is hindered, resulting in a shorter stature compared to their peers due to prolonged inadequate nutrition, particularly during the crucial first 1,000 days of life. This issue transcends physical challenges, impacting brain development and diminishing cognitive abilities, future academic potential, and productivity. Recent data from the Indonesian…
Transparency International Indonesia (TII), in collaboration with TEMPO Data Science, awarded PT Astra Agro Lestari Tbk (AALI) the title of a high-integrity palm oil issuer. Astra Agro Lestari received the Sustainable Business Integrity Index award in the Sapphire category on Tuesday, October 12, at the Salihara Art Centre. This recognition from both organizations highlights the…
President Prabowo Subianto, at his meeting with UN Secretary-General António Guterres in Rio de Janeiro, Brazil, on Sunday, outlined Indonesia’s initiatives toward environment-friendly renewable energy development. Prabowo delivered this statement in response to climate change as one of the important topics discussed at the G20 Forum in Rio de Janeiro, Brazil. “Indonesia has developed technology…
Indonesia as the largest palm oil producer in the world is considered to have a strategic role in supporting food and energy availability at the global level as the human population increases. “In the context of Indonesia, palm oil is a strategic commodity that will support our nation to achieve food and energy independence,” said…
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a positive bias next week on the back of strong export performance, a trader said. Palm oil trader David Ng said the expectation of stronger exports in the coming weeks is likely to result in lower overall stocks in…
Malaysian palm oil futures jumped more than 4% on Wednesday, driven by gains in crude oil prices and Chicago soyoil. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange rose 190 ringgit, or 4.74%, at 4,196 ringgit ($1,006.72) a metric ton at the close, its highest daily gain since July…
The Ministry of Trade (Kemendag) noted an increase in the reference price (HR) of palm oil (CPO) commodities which was influenced by the large demand from India and China which was not matched by the amount of production. The Director General of Foreign Trade of the Ministry of Trade, Isy Karim, said that HR CPO…
Malaysian palm oil futures extended gains to a sixth straight session on Wednesday, closing at their highest level in over two-and-a-half months, as strength in Dalian contracts outweighed profit-taking in other rival oils. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange climbed 56 ringgit, or 1.4%, to 4,044 ringgit ($979.89)…
The world’s biggest palm oil exporter Indonesia will introduce a new set of monthly levies in a bid to improve competitiveness against rival edible oils, a regulation published on Thursday by its finance ministry showed. Under the new rules, which take effect on Saturday, levies for crude palm oil exports will be set at a…
India’s edible oil consumption is set to grow at a pace of 2%-3% as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday. New Delhi on Friday raised the basic import tax on crude and refined edible oils by 20 percentage points to help protect farmers reeling from…
The Indonesia Plantation Expo (Bunex) 2024 held by the Ministry of Agriculture resulted in the inking of 11 memoranda of understanding (MoUs) valued at up to Rp3.1 trillion (around US$201.6 million). “The Bunex 2024 recorded total direct transactions of Rp2.32 billion, with Rp367 billion potential transactions from buyers,” Chairman of the Executive Committee of Bunex…
Indonesia booked a bigger-than-expected trade surplus in August as exports and imports beat forecasts, official data showed on Tuesday. The country reported a surplus of $2.89 billion last month, compared with $1.96 billion expected in a Reuters poll.Exports in August grew 7.13 per cent on a yearly basis to $23.56 billion, Statistics Indonesia said. The…
Malaysian palm oil futures ended marginally higher on Wednesday after industry data showed inventories in the world’s second-largest producer rose more than expected last month. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed up 16 ringgit, or 0.41%, at 3,901 ringgit a metric ton. On Tuesday, the Malaysian…
Worldwide vegetable production continues to increase alongside rising demand, according to US Department of Agriculture (USDA) data reported by Germany’s Union for the Promotion of Plants and Protein (UFOP). Palm and soyabean oils were likely to be significantly more abundant in 2024/25, more than offsetting the decline in sunflower oil, the 22 August report said.…
Indonesia, the world’s biggest palm oil exporter, plans to lower export levy rates of the tropical oil to improve competitiveness against rival vegetable oils and raise farmers’ income, a government official said on Wednesday. Palm oil typically trades at a discount to soft oils. However, it has lost the edge over soyoil and sunflower oil…
Foreign Affairs Minister Retno Marsudi on Monday revealed that African countries expressed their interest in increasing the capacity of their palm oil industry during their meeting with President Joko Widodo (Jokowi). “During the meetings with the President, what was requested a lot was capacity improvement in, for example, palm oil,” she said at a press…
Nigeria and Indonesia have signed a Memorandum of Understanding (MoU) aimed at advancing palm oil production and expanding market opportunities, with a focus on modernizing practices and improving income for smallholder farmers. The agreement, signed in Abuja by the National Palm Produce Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI), marks a…
Malaysian palm oil futures rose for a fifth consecutive day on Tuesday, sustaining its longest rally in six weeks, amid prospects of tightening supply and Indonesia’s plans to raise biodiesel blending rates. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 0.71% to 3,952 ringgit ($908.92) a metric…
Malaysian palm oil futures climbed for a third straight session on Friday to their highest in nearly three weeks as expectations of weak output in August and improving demand underpinned the contract. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange gained 43 ringgit, or 1.12%, to 3,869 ringgit ($884.95)…
President-elect of 2024-2029 Prabowo Subianto stated that the key to Indonesia’s prosperity lies in resources that can be managed and enjoyed by the nation itself. Prabowo conveyed this on his occasion to be a speaker at the Closing of the 6th Congress of the 2024 National Mandate Party which was held at the Kempinski Hotel,…
