8 Countries Join the International Conference Of Biomass And Bioenergy In Bogor

A total of eight countries participated in the international biomass and bioenergy (ICBB) 2024 conference to discuss new ideas in developing products from renewable energy, downstream haci in Indonesia, such as palm oil products, which have abundant basic ingredients. This conference is in order to promote “Good SEWIT” to the international community. The conference was…

Airlangga Says China Will Reopen Access to Indonesian CPO

Chief Economic Minister Airlangga Hartarto said on Tuesday that the Chinese government will reopen its markets for crude palm oil (CPO) and other agricultural commodities from Indonesia. “The Chinese government has also pledged investments in the ‘green industry’, electric vehicles and batteries, the digital sector, and logistics,” Airlangga said. His remarks came after he received a visit…

Robust Palm Oil Buying To Propel India’s July Edible Oil Imports To Record High: Report

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…

Palm oil up

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…