Palm oil swung between gains and losses as investors weighed a jump in exports from top growers and higher production in a Malaysian region. Shipments from the world’s largest grower Indonesia soared 59% from a month earlier in June, according to Intertek Testing Services. A report by cargo surveyor AmSpec Agri showed exports from Malaysia,…
PT Gunung Sejahtera Puti Pesona (GSPP) empowers the youth of Arga Mulya Village, Pangkalan Banteng District, West Kotawaringin Regency, Central Kalimantan, through the village’s creative economy program. The company facilitates the cultivation of catfish and utilizes long-abandoned ponds. “The construction of this aquaculture facility encourages youth empowerment in Arga Mulya. With the assistance of PT…
Five Astra Agro Lestari subsidiaries in the East Kalimantan area, namely PT Waru Kaltim Plantation (WKP), PT Sukses Tani Nusasubur (STN), PT Borneo Indah Marjaya (BIM), PT Palma Plantasindo (PPS), and PT Sumber Kharisma Persada (SKP), have been granted awards in the environmental category for their commitment in land and plantation fires (Karlabun) prevention. This…
Acting Governor of West Sulawesi (Sulbar), Bahtiar Baharuddin, and his delegation had a working visit with various agendas in Pasangkayu Regency on Tuesday, July 9, 2024. One of the agendas of the Governor of West Sulawesi was planting cavendish banana seedlings in the yard of a resident of Makmur Jaya Village, Tikke Raya District, Pasangkayu…
The accumulation of single-use plastic waste continues to increase every year. This encourages increased pollution, which will also impact public health. This concern has led to Astra Agro Lestari Junior High School’s initiative to provide early waste management education. Data from the Ministry of Environment and Forestry (KLHK) shows that waste pollution will reach 26…
During the dry season, water dries up and is absorbed by the sand, but the waves increasingly rustle when it rains. The uncertainty of the weather climate of the Krueng No coastal area in Aceh Jaya encourages one of the palm oil companies in Aceh Jaya to take positive steps for the environment. Mangroves, plants…
The uncertainty of the weather climate in the Krueng No coastal area in Aceh Jaya has driven one of the palm oil companies in the area, PT Tunggal Perkasa Plantation 3 (TPP3), to take positive steps for the environment. The company planted mangroves on the Krueng No beach on Friday (5/6/2024).Mangrove forests are often called…
PT Tri Buana Mas (TBM) Astra Agro together with partner farmers and the Fishermen’s Fire Prevention Group Fishermen(NPA) of Sawaja Village, Candi Laras Utara District, Tapin, South Kalimantan (Kalsel) held a socialization of strategies and guidance for the prevention and control of forest and land fires (karhutla), a form of alertness to face the 2024…
Malaysian palm oil futures closed with their best week in five, even as prices fell on Friday as traders chose to book profits ahead of a long weekend. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 27 ringgit, or 0.66%, to 4,040 ringgit ($858.30) a metric ton…
Professor of the Bogor Agricultural University (IPB) Erliza Hambali said Indonesia must maximize the added value of downstream oil palm in order to boost national economic growth. “As the largest palm oil producer in the world, it is appropriate that the added value is in Indonesia, not in other countries,” said Prof. Erliza Hambali in…
The National oil palm plantation company, PT Astra Agro Lestari Tbk has been awarded the Ganesa Widya Jasa Utama award from the Bandung Institute of Technology (ITB). The highest award was given as a form of appreciation for Astra Agro’s contribution to the field of education, research, and technology development in the Agribusiness sector. “Astra…
PT Kimia Tirta Utama (PT KTU), a subsidiary of Astra Agro operating in Koto Gasib, Siak Regency, hosted a training on sustainable palm oil commodities. The visit at PT KTU was part of a long series of training held from June 22 to July 2, 2024, organized by the Directorate General of Americas and Europe,…
The Capacity Building Training for Sustainable Commodity Management Based on Smallholder Agriculture for Like-Minded Countries (LMCs) has been successfully conducted in Bogor and Riau (22/6 – 2/7). This training is a collaboration between the Ministry of Foreign Affairs of the Republic of Indonesia, Institut Pertanian Bogor (IPB), and the Lembaga Dana Kerja Sama Pembangunan Indonesia…
India’s palm oil imports rose by 3% in June from the previous month to reach the highest level in six months on robust demand from refiners for upcoming festivals and as the oil traded at a discount to rival oils, five dealers told Reuters. Higher palm oil purchases by India, the world’s biggest importer of…
PT Tunggal Perkasa Plantation (TPP), an oil palm plantation company in Indragiri Hulu (Inhu), Riau Province, claims to have implemented Corporate Social Responsibility (CSR) by the mandate of Law Number 40 of 2007 concerning Limited Liability Companies. The CSR program is carried out every month. “This is a form of commitment to sustainable economic development,…
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,…
