Indonesia hopes to conclude negotiations for a trade agreement with the European Union next year to bolster the country’s economic recovery after the pandemic, but policies on palm oil remain a major sticking point. The Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA), Indonesia’s largest bilateral trade negotiation to date, was expected to boost trade, investment and…
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…
Born in the Netherlands and brought up in Germany, it wasn’t until I was 21 that I met my first coconut. It was on a beach in Thailand where I ended up during a one-year sojourn away from home, trying to grow up. With nothing better to do, I picked up a husky fruit lying…
A new report has found that more than half the Used Cooking Oil (UCO) used in Europe for biodiesel in 2019 was imported (1.5 million tonnes out of 2.8 million tonnes). The biggest share comes from China (34%) and about 20% comes from Malaysia and Indonesia, the world’s biggest producers of palm oil. According to the…
(Bloomberg) — Palm oil is heading for a recovery in the second half on improving global demand and dwindling output, months after the coronavirus shattered the tropical oil’s stunning bull run. Demand for the world’s most-consumed cooking oil, used in everything from chocolate to ice-cream, lipstick and shampoo, is poised to recover as lockdowns across…
Jakarta – The government has called on the Palm Oil Plantation Fund Management Agency (BPDP-KS) to meet the target of small-scale palm oil plantation rejuvenation set to cover 500 thousand hectares of area in 2020-2022. “The government has targeted to rejuvenate 500 thousand hectares of small-scale palm oil plantation in 2020 to 2022. I want…
KUALA LUMPUR (June 25): Indonesia is seeing greater exports of palm oil-derived oleochemical products such as soap glycerine noodles as a result of Covid-19, and expects the B30 biodiesel mandate to help sustain the industry. Edy Sutopo, the director for forest and agriculture in Indonesia’s Industry Ministry, said exports of basic hygiene product components such…
The world’s biggest palm oil producer, Indonesia, has asked the dispute settlement body of the World Trade Organization (WTO) to establish a panel to examine the EU Renewable Energy Directive (RED II), which it claims discriminates against biofuels produced from palm oil. EU member states must transpose the RED II into national law by 30…
Jakarta – Indonesian palm oil company, PT Astra Agro Lestari, has recorded positive operational and financial performance amid the global COVID-19 pandemic, which has posed economic challenges worldwide. In a statement received in Jakarta on Friday, the company informed that operations at its palm oil plantations and mills are running normally, with the application of…
Publicly listed palm oil company PT Astra Agro Lestari announced Wednesday that it would spend 45 percent of last year’s profit, around Rp 94.95 billion (US$6.76 million) in dividends, rewarding its shareholders despite declining productivity. The company, which is a subsidiary of diversified conglomerate PT Astra International, will pay a lower dividend per share of…
Hong Wai Onn explains how enzyme technology could make the industry greener and more efficient GIVEN the extensive list of challenges currently facing the world, some of which are food supply, energy, and the environment, there is a limited number of engineers readily available to address these challenges. So where could chemical engineering talent best…
The sustainable palm oil advocate’s latest campaign aims to encourage manufacturers and retailers to be open about their palm oil use. Unless more shoppers are aware of sustainable palm oil, brands will be hesitant to highlight sustainable palm oil logos, Palm Done Right spokesperson Monique van Wijnbergen tells FoodNavigator. Palm Done Right is calling on…
Although proven to be the most effective vegetable oil and the only one with a strict sustainability certification, Palm oil has increasingly been the target of intensive campaigns to revile it and an Indonesian diplomat is calling on producers to now change gear from being merely reactive to proactively engage in counter campaigns. “This is…
Palm oil is often associated with tropical deforestation above all else. However, this is only one side of the story, as agricultural scientists from the University of Göttingen and the IPB University Bogor (Indonesia) show in a new study. The rapid expansion of oil palm has also contributed considerably to economic growth and poverty reduction…
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 61 ringgit, or 2.92%, at 2,150 ringgit ($492.44) per tonne, the highest since April 21. Indonesia, the world’s biggest palm producer, is set to distribute $2.78 trillion rupiah ($187 million) for its B30 biodiesel programme and increase its palm…
KUALA LUMPUR: Malaysia has criticised the World Health Organisation for advising adults to avoid palm oil in their diet during the Covid-19 outbreak and use alternatives such as olive oil. The WHO Eastern Mediterranean Regional Office said in a recent advisory during the Covid-19-outbreak that people should consume unsaturated fats found in fish, avocado, nuts,…
Jakarta. A study shows that unprocessed red palm oil helps to maintain lung immunity and respiratory health, strengthening’s one’s body defenses against the coronavirus that is causing the Covid-19 disease. The product, also known as virgin red palm oil, can help maintain an adequate amount of a substance crucial for the body’s immune system. Sri…
HANOI, VNA – Indonesia’ palm oil exports and its derivatives dropped to 4.93 million tonnes in the first two months of 2020 from 6.6 million tonnes in the same period last year due to the COVID-19 pandemic’s impact, the Indonesian Palm Oil Producers Association (GAPKI) said on April 21. The GAPKI’s data show that the…
I READ a few news reports in a couple of international media recently about a startup based in New York that is ready to go big in producing synthetic palm oil as an alternative to natural palm oil. The company uses microbes to convert food waste and industrial byproducts into synthetic palm oil through a…
MUMBAI: India on Monday said imports of refined palm oil could recommence after being restricted in January, although with conditions attached. The world’s biggest importer of palm oil on Monday said in a statement that importers would need to furnish pre-purchase agreements and import the commodity within six months of receiving the licence, instead of…
