JAKARTA, Jan 28 (Reuters) – Indonesia set a higher reference price for crude palm oil (CPO) for February at $1,026.78 per tonne, a Trade Ministry regulation published on Thursday showed, up from $951.86 per tonne in January. Based on the reference price, CPO export tax will be set at $93 per tonne in February, while…
Red palm oil is produced from pulp of the fruit of the African oil palm (Elaeis guineensis). In its unprocessed state, the oil has an intense deep red colour because of its abundant carotene content. It has a bold, vegetal, rich and smoky paprika-like flavour that enhances spicy foods and is widely used in Africa,…
TEMPO.CO, Jakarta – President Joko “Jokowi” Widodo believes that the national economy could revive and recover to normal as before the Covid-19 pandemic. He said several signs of economic improvement have begun to appear.Jokowi outlined that the consumer confidence index has been at 92 and the purchasing manager index (PMI) rose to 51.3, or almost…
No country is immune to the rapid disruption occurring in the global energy sector. New technological innovations in both supply and demand have changed the technical versus economic discourse. Renewables are now cheaper than any fossil fuel in most parts of the world. And Indonesia’s no exception to this transition as per IEEFA. The sharp…
Jakarta. Coordinating Minister for Economic Affairs Airlangga Hartarto ensures the government will continue to bolster both the palm oil industry’s economic resilience and socio-environmental sustainability through a string of policies. According to Airlangga, the agricultural, forestry, and fisheries sector is the third-largest contributor to Indonesia’s GDP. Social distancing measures across various regions have disrupted the…
KUALA LUMPUR (Oct 16): All edible oils should be treated equally in terms of sustainability without bias against palm oil, asserts the Malaysian Palm Oil Council (MPOC). Its chief executive officer Datuk Dr Kalyana Sundram contends that soy, sunflower and canola are so far behind in proving their sustainability, there is little chance that they…
Jakarta, July 15 (Reuters) – Indonesia’s state oil company PT Pertamina produced its first successful batch of biodiesel made up of 100% palm oil (D100) in its Dumai refinery last week and is set to produce 1,000 barrels per day (bpd), the company said on Wednesday. Indonesia, which has one of the world’s most ambitious…
Monday, 6 May 2019 | bloomberg.com Franky Widjaja, head of one of the world’s biggest palm plantation companies, warned that the European Union’s plans to restrict use of the tropical oil in biofuel will misfire as the move will hurt growers and jeopardize future supplies of the vegetable oil. The world needs palm oil as…
