Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries over subdued production and tracking rival edible oils higher. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 71 ringgit, or 1.81%, to 3,987 ringgit ($845.96) per metric ton by the midday break.…
The Indonesian Palm Oil Entrepreneurs Association (Gapki) revealed that the prospect of palm oil is still good in the midst of the 2024 Presidential Election (US). “The prospects are still good, we see that the United States continues to increase demand for palm oil, finally it has even approached 2 million tons,” said Gapki General…
The reference price (HR) for the palm oil commodity (CPO) for the July 2024 period was 800.75 US dollars per MT. This value increased by 21.93 US dollars or 2.82 percent from the June 2024 period which was recorded at 778.82 US dollars per MT. Director General of Foreign Trade of the Ministry of Trade…
India has recently announced a measure to address food inflation by permitting limited imports of essential commodities under the tariff-rate quota (TRQ) framework. This move, aimed at easing the burden on consumers, includes corn, crude sunflower oil, refined rapeseed oil, and milk powder. Under TRQ, importers benefit from reduced or zero tariffs, strategically implemented to…
The head of the Central Kalimantan Statistics Agency or BPS, Eko Marsoro revealed that palm oil is still one of the main commodities of Central Kalimantan exports. “The main commodities of Central Kalimantan exports during April 2024 were coal in the mineral fuel group, palm oil in the animal/vegetable fats and oils group, and zirconium,…
CPO price has risen by 1.5% since previous Monthly Commodity Outlook publication on 24 May says OCBC which reached MYR3,930/mt as of 21 June closing. This brings the quarter-to- date average price to MYR4,040/mt, representing a ~1.0% increase compared to the 1Q24 price average of MYR3,998/mt. OCBC said while it continues to hold the view…
Thirty-six sustainable agriculture experts from 17 like- minded countries gathered in Bogor to share best practices in Capacity Enhancement Training for Sustainable Oil Palm Management based on Smallholder Agriculture (24/6). The training, held from June 22 to July 2, 2024, is a collaboration between the Ministry of Foreign Affairs, Bogor Agricultural Institute (IPB), and the…
Palm oil is Indonesia’s most strategic vegetable oil commodity and has a vast market. The potential and opportunity to utilise this industry for the welfare and economic growth of the palm oil industry require some support. “Legal certainty is needed and policymakers need to avoid fast-changing and overlapping regulations,” said Secretary General of the Indonesian…
PT Astra Agro Lestari Tbk is committed to implementing the principle of sustainability in doing business. One of them is by continuing to encourage using fertilizers from organic materials called Astemic. This biofertilizer can reduce chemical fertilizers by up to 25%. Fenny Sofyan, Vice President of Investor Relations and Public said that Astemic fertilizer comes…
A healthy diet must include enough intake of fats. A fat-poor diet can lead to health issues. Nutritionists also advocate that the percentage of energy from fats should not exceed 10 per cent. Too much is also unhealthy. The global demand for edible fats has been growing around 3 per cent yearly, driven by both…
Stunting is a condition in which children experience stunted growth, leading to shorter height than their age. This condition results from chronic malnutrition and recurrent infections, especially in the first 1,000 days of life, from pregnancy until the child is two years old. Many factors such as poor sanitation, lack of access to health services,…
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed higher on Wednesday, tracking the stronger soybean oil and crude oil prices, said palm oil trader David Ng. “The CPO prices are supported at RM3,890 a tonne and resistance is at RM4,050 a tonne,” he told Bernama. Meanwhile, Mumbai-based Sunvin Group commodity…
On a breezy but bright afternoon, there was a long queue of trucks in front of a new-looking building called Anjungan. A few partitions separated some rooms, including a waiting room complete with coffee, tea, snacks and even wifi, like waiting room facilities in general. Partnerships between companies and all stakeholders are crucial in management…
The plantation sector will likely see the impact of the hot and dry weather spell more towards the later part of 2024, but total production of the year will likely be higher year-on-year (y-o-y), helped greatly by the availability of adequate supply of labour to the sector. Datuk Dr Ahmad Parveez Ghulam Kadir, director-general of…
Pasangkayu – PT Astra Agro Lestari donates thousands of trees to protect the environment in Pasangkayu. PT Astra Agro Lestari (AAL) Tbk, a leading agribusiness company in Indonesia, celebrates World Environment Day 2024 by donating thousands of trees to the community in Pasangkayu, West Sulawesi. This initiative demonstrates the Company’s commitment to environmental sustainability through…
To detect water quality, PT Karya Tanah Subur (KTS) initiated monitoring cages or fish ponds specially made by the Safety, Health and Environment (SHE) team of PT KTS with the aim of early detection of water quality, especially from the production of palm oil products. While the activities of residents along the riverbank have become…
PT Letawa, a subsidiary of Astra Agro Lestari Group which engaged in the oil palm plantation industry, commemorated World Environment Day by providing education to students and youth. The series of environmental education activities of PT Letawa start from June 2 to 5, 2024 in several locations such as Kalukumbeo Elementary School, Lariang Village, Mekar…
Babulu – World Environment Day is celebrated every year on June 5. World Environment Day is an important moment to remind us of our collective responsibility to protect and preserve the environment for the welfare of current and future generations. Celebrates World Environment Day, Astra Agro Lestari’s subsidiary, PT Sukses Tani Nusasubur (STN), in Labangka…
The Minister of State for Agriculture and Food Security, Senator Aliyu Sabi Abdullahi, has announced the Ministry’s readiness to partner with the Republic of Indonesia and other stakeholders to revive the country’s oil palm subsector to enhance food and nutrition security, job creation, and export opportunities, among others. The Minister stated this during a meeting…
Dipan (14), a Gunung Sejahtera Dua Indah (GSDI) Junior High School student, created a comic about a Central Kalimantan folktale, Hantuen. It tells the story of a demon or ghost who can transform into a human and eventually marry one of them. The student lives in Nangamua Village, West Kotawaringin, and says he enjoys drawing…
