Angola, located in the western part of Africa, is emerging as a promising market for Indonesian palm oil on the African continent. Several regions in Angola are ready to be developed for palm oil cultivation. This potential was highlighted during a recent visit by the Indonesian Ambassador to Namibia accredited to Angola, Wisnu Edi Pratignyo,…
JAKARTA (July 24): Indonesia, the world’s biggest palm oil producer, is testing fuel with a view to increasing to 40% from 35% the share of palm-oil blended into biodiesel next year, the energy ministry said. If implemented, the B40 mandate could increase biodiesel consumption to up to 16 million kilolitres (KL) next year, the ministry…
Indian industries and the government have reportedly made unprecedented purchases of edible oils scheduled for delivery in July. Refiners have significantly boosted their procurement of palm oil and soy oil, driven by attractive pricing and in anticipation of potential import duty hikes, according to a Reuters report citing sources. Increased purchases of palm oil by…
JAKARTA: Indonesia is planning for the widespread use of the palm-oil based B40 biodiesel in 2025, replacing the current B35 blending, the energy ministry said in a statement. The world’s biggest palm oil maker currently has a mandatory 35% blend of palm oil-based fuel in biodiesel and is seeking to ramp up the new blend…
Astra Agro’s oil palm plantation subsidiary, PT Waru Kaltim Plantation (WKP), continues to show its support for the community by assisting the road repairment project in Bangun Mulya Village, Waru District, Penajam Paser Utara Regency (PPU) on Thursday (07/18/2024). Moreover, the repair project was conducted in three different areas: road repair in RT 05 along…
The Energy and Mineral Resources Ministry, in cooperation with state-owned railway operator PT Kereta Api Indonesia (KAI), kicked off on Monday a trial of 40 percent palm oil biodiesel (B40) to power the Bogowonto train connecting Pasar Senen Station in Central Jakarta and Lempuyangan Station in Yogyakarta. Eniya Listiani Dewi, the ministry’s renewables director general,…
Malaysian palm oil futures ended higher on Monday, extending gains to a fifth consecutive session on the back of good demand and data showing a surge in July exports. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange climbed 27 ringgit, or 0.68%, to 3,988 ringgit ($852.50) a metric ton,…
The Ministry of Agriculture has prepared a biofuel industry to increase the domestic supply of biodiesel, as an initiative to increase the availability of biofuel to 50 percent from the total consumption of solar fuel, which aligns with President-elect Prabowo Subianto’s program in mixing biodiesel and solar. “Now, the companies are ready. We are preparing…
Malaysian palm oil futures rose for a fourth straight session and booked a weekly gain on Friday, ahead of export estimates from the world’s second-biggest producer for July 1-20. The Bursa Malaysia Derivatives Exchange’s benchmark palm oil contract for October delivery closed 23 ringgit or 0.58% higher at 3,958 ringgit ($844.82) a metric ton. The…
Last week, on July 11-12, Kaltim Post had the opportunity to see the working atmosphere and housing complexes of Astra Agro Lestari’s (AAL) oil palm plantation subsidiaries, PT Borneo Indah Marjaya (BIM) and PT Palma Platasindo (PPS) in Paser Regency. The location is in Laburan Village, Paser Belengkong Sub-district, about an hour from the capital…
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Thursday, driven by positive export sentiments that lifted market dynamics, said palm oil trader David Ng. He said the favourable export conditions, marked by strong demand and optimistic trade forecasts, continued to bolster investor confidence and supported an upward trajectory in…
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…
