Indonesia Export Levy Revision to Support Crude Palm Oil Prices, Stability Key

Fitch Ratings-Singapore/Jakarta-08 December 2020: The revision in Indonesia’s export levy structure should support Indonesia’s biodiesel consumption growth in 2021 by boosting collections to fund the subsidy burden, Fitch Ratings says. This will also support crude palm oil (CPO) prices, and the Malaysian benchmark should average higher than our assumption of USD560/tonne (t) in 2021. However,…

Inclusive Closed-Loop Model Key to Improve Oil Palm Smallholders’ Productivity and Livelihood: Kadin

Jakarta. The inclusive closed-loop model has helped improve the vulnerable oil palm smallholders’ productivity and well-being, key for increasing Indonesia’s palm oil productivity over the next few decades, a powerful business lobby said on Thursday. The inclusive closed-loop model puts farmers at the center of palm oil production, connecting them with palm oil companies, banks,…

Vitamin E extracted from palm oil useful in boosting immunity? Here’s what studies based on liver cells reveal

Vitamin E extracted from palm oil helps in boosting the immune response of the body, suggest the findings of a study conducted on mice liver cells. Palm oil contains abundant quantities of vitamin E compounds, which include tocopherols and tocotrienols. These compounds have antioxidant effects, which protect cells from damage from toxic chemicals produced by…

Better weather, fertiliser application expected to boost Indonesia’s CPO output by 11% in 2021

KUALA LUMPUR (Sept 24): Indonesia’s crude palm oil production (CPO) is expected to rise 11% year-on-year (y-o-y) in 2021, thanks to timely fertiliser application and better weather this year, said UOB Kay Hian Research. In a note, analysts Leow Huey Chuen and Jacquelyn Yow said the Indonesian Palm Oil Association (GAPKI) expects the republic’s domestic…

Minister highlights Indonesia’s clean energy strategies at CEM 11

Jakarta (ANTARA) – Indonesia’s Energy and Mineral Resources Minister Arifin Tasrif shed light on the country’s clean energy development strategies at the 11th Clean Energy Ministerial Meeting (CEM 11) and the 5th Mission Innovation (MI-5) organized virtually, Tuesday. Indonesia had copious renewable energy sources, including renewable energy potential of nearly 400 GW, Tasrif noted in…

OBITUARY

Jakarta (21/10). PT Astra Agro Lestari deepest and heartfelt condolences on the demise of Mr. Angky Utarya Tisnadisastra, as Independent Commissioner (2017-2020), Chairman of the Audit Committee (2018-2020), and Chairman of the Nomination and Remuneration (2018-2020) of the Company in Jakarta on Monday, 21 September 2020. May his soul rest in peace. (Change of position…

‘Mutual recognition’: Indonesia calls on UK to adopt same standards for rapeseed as it wants for palm oil – exclusive insights

Indonesia has called on the United Kingdom to implement equivalent regulations for rapeseed oil as stipulated in the Due Diligence policy it is looking to apply to palm oil, in order to achieve proper ‘mutual recognition’ of each other’s regulatory frameworks. The proposed Due Diligence policy would make it compulsory for palm oil importers in…

Astra Agro to contain costs, maintain competitiveness amid volatile commodity prices

Publicly listed agribusiness company PT Astra Agro Lestari plans to focus on containing its costs amid fluctuating commodity prices in order to remain competitive and to boost profitability. The company’s revenue increased by 6.5 percent to Rp 9.08 trillion (US$623.78 million) during the first six months of the year compared with the corresponding period last…