Economist at UOB Group Enrico Tanuwidjaja evaluates the latest trade balance figures in Indonesia. “Indonesia posted another trade surplus of +USD2.0bn in January 2021, slightly narrower from December 2020’s +USD2.1bn. This marked a ninth-straight month of trade surplus since May 2020.” “Exports slowed by +12.2% y/y in January to USD15.3bn (vs. December’s +14.6%) following lower…
The Philippines Coconut Authority (PCA) is pushing to increase the country’s biodiesel mandate in transport to 5pc (B5) from 2pc currently. B2 has been in place since 2009 but Covid-19 disruptions to the biodiesel supply chain meant the Philippines missed its target to achieve B5 in 2020. This was the second time the implementation was…
As the world’s largest producer and consumer of palm oil, the palm oil industry has become an important part of Indonesia’s economy. At least half of the world’s palm oil supplies are supplied from Indonesia. Indonesia supplies with an output of around 40.6 million tons, and export volume of 29.3 million tons in 2018. This…
The Malaysian Palm Oil Board (MPOB) has produced a new concept of snack food with high commercial potential made from red palm oil. Director-general Dr Ahmad Parveez Ghulam Kadir said the extruded snack food has already been commercialised in China, and this could further increase China’s demand for palm oil. “This red palm-based snack is…
Global baking ingredients company Royal Zeelandia Group has announced plans to make its use of palm oil 100% sustainable. The target was set out in a recent case study published by the World Wide Fund (WWF) for Nature. Production of palm oil, widely used as a cooking oil and ingredient, has been blamed for deforestation of…
On March 7, the Swiss will vote on a free trade agreement with Indonesia. This is the first treaty to include sustainability criteria in the terms of trade, says Simone de Montmollin, a member of the support committee. The deal, which has already been formally ratified, aims to ease Swiss exports to Indonesia by removing…
Indonesia’s exports of palm products managed to increase amid the pandemic Covid-19. Last year, the export value reached US$22.97 billion or around Rp321.5 trillion. “Exports grew 13.6 percent from 2019,” Eddy Abdurrachman, head of the Oil Palm Plantation Fund Management Agency (BPDKS), said in a national seminar on strengthening palm oil management policies, Wednesday, February…
The Palm Oil Plantation Fund Management Agency (BPDPKS) chairperson Eddy Abdurrachman in Wednesday’s national webinar on palm oil claimed that the palm oil production during the 2020 pandemic had increased compared to the previous year with a total production of 51.58 million tons. The leftover supply from 2019 was reportedly 4.6 million tons. “Which means…
Palm oil producer PT Astra Agro Lestari Tbk. is forecasting a modest production growth of about five percent in 2021 as most of its crop were already mature, there was no acreage expansion plan, and mobility restriction under the current pandemic limited purchase of oil palm fruits from outside, its President Director, Santosa, said. Speaking…
Seeds that have many advantages are one of the keys in the oil palm plantation industry. In order to achieve high plant productivity, Astra Agro has released three varieties of prime seeds. The three seeds created by the Research and Development team can produce Fresh Fruit Bunches (FFB) production of no less than 30 tons…
Jakarta – The journey of 2020 which was marked by the Covid-19 pandemic was recorded as a period full of challenges. The palm oil industry must respond with innovative steps. “We have to take this Covid-19 pandemic very seriously,” said Astra Agro CEO Santosa during a virtual Talk to the CEO event, February 10, 2021.…
Jakarta (ANTARA) – Coordinating Minister for Economic Affairs Airlangga Hartarto stated that Indonesia’s economy had recovered from the impact of the COVID-19 pandemic, with some indicators having shown a positive trend. “We observed that the consumer confidence index had reached 96.5 in December. We are optimistic of it reaching 100 points,” Hartarto remarked here on…
The German confectionery industry has reaffirmed its position of supporting ethically monitored production methods across the value chain, including palm oil processing – which is now reportedly 94% certified from sustainable sources, writes Neill Barston. According to the figures from the country’s Federal Association of confectionery (BDSI), studies from Meo Carbon Solutions have shown that…
The world’s top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening sales in their third biggest market. Through the platform of the Council of Palm Oil Producing Countries (CPOPC), the two countries have sent…
Indonesia and Malaysia, which together account for 85% of global output, in particular have come under fire for clearing biodiversity-rich rainforests and allegations of forced labour. Top palm oil producers said on Thursday that the industry is making strides towards transparency and sustainability across its supply chain despite campaigns against use of the oil. Campaigners…
Indonesia, the world’s biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil (CPO) exports, a leading industry analyst said. The reordering of palm oil trading follows Indonesia’s decision last month to raise the export levy to a progressive system of…
BIOFERTILISERS are “natural fertilisers that contain living microorganisms (live biomass or dormant cells of effective microbial strains) which, when applied to seed, plant surfaces, or soil, colonises the rhizosphere (i.e., plant-root interface) and promotes growth by increasing the supply or availability of primary nutrients to the host plant”. The term, “rhizosphere” refers to “the soil…
Jakarta (ANTARA) – Coordinating Economic Affairs Minister Airlangga Hartarto remained sanguine about Indonesia clocking a five-percent economic growth despite large-scale social restrictions (PSBB) being imposed in Jakarta and 23 districts and cities in six provinces on Jan 11-25. “We are optimistic, and the economic growth is projected at five percent by the end of the…
The Indonesian Palm Oil Association (GAPKI) on Thursday said government plans to roll out a B40 mandate that would require a 40% palm oil mix in domestic diesel could be delayed beyond the end of 2022. The world’s top palm oil producer said in November its plans to raise the bio-content of palm oil-based biodiesel…
JAKARTA – Indonesia has raised the crude palm oil (CPO) reference price and export levy for January, an official document on its trade ministry website showed on Monday. The reference price of crude palm oil will be raised to $951.86 per tonne in January from $870.77 in December while export tax collected from CPO will…
