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…
Pasangkayu, 14 September 2024 – PT Mamuang, an Astra Agro group oil palm plantation company, is collaborating with LovePink to combat the spread of breast cancer in West Sulawesi. During a breast cancer prevention awareness event organized by PT Mamuang, a woman dressed in shades of pink, expressed her concern about a lump in her…
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…
Penajam Paser Utara (Antara) – The fisheries cultivation group, Maju Bersama, in Waru Village, Penajam Paser Utara Regency, East Kalimantan Province, has a strong desire to improve the local economy through freshwater fish farming. The group uses a floating net cage system to cultivate catfish, tilapia, and gourami. This fish farming initiative is carried out…
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.…
The Kerumutan Community Health Centre, with PT Sari Lembah Subur (SLS) assistance, is working to reduce the risk of stunting by growing moringa leaves. Harno, the head of the Kerumutan Health Centre, mentioned that since 2019, he and PT SLS have been collaborating to plant moringa leaves in every home in the Kerumutan area. Over…
Palm oil tree, a plant often associated with African vegetable oil, offers numerous benefits. The oil palm is highly productive and can be processed optimally, making it a valuable plant. Every part of the is essential and can be utilized, leaving no waste. PT Perkebunan Lembah Bhakti (PLB), a subsidiary of PT Astra Agro Lestari…
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…
Pangkalan Bun (ANTARA) – Indah Makmur Junior High School, supported by PT Gunung Sejahtera Dua Indah (GSDI) and PT Gunung Sejahtera Yoli Makmur (GSYM) in Pangkalan Bun, Central Kalimantan (Kalteng), prioritizes the use of local languages, particularly Dayak, in their curriculum. On Tuesday, Neva Bella, a local teacher at Indah Makmur Junior High School in…
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…
Sangatta – Two subsidiaries of Astra Agro Lestari (AAL), PT Borneo Indah Marjaya (BIM) and PT Palma Plantasindo (PPS), are encouraging the community of Paser Belengkong Sub-district, Paser Regency to manage waste into valuable products through the Bank Sampah Unit (BSU). ‘The waste bank started from waste around the housing complex that has not been…
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…
PT Sari Aditya Loka (PT SAL), a subsidiary of Astra Agro, together with the Merangin Regency Government, has launched ‘Mama Chatting’, an innovative programme to reduce stunting in Merangin Regency. The programme was inaugurated at the Coordination Meeting for the Acceleration of Stunting Prevention (TPPS) held at the Bappeda Merangin Hall, (06/08/2024). PT SAL’s CSR…
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)…
