Indonesia and Malaysia have donated 100 thousand germinated oil palm seedlings to help hundreds of Honduran farmers affected by the 2020 hurricanes, Coordinating Minister for Economic Affairs Airlangga Hartarto has said. “This initiative shows our commitment to collaboration and solidarity among palm oil-producing countries,” he said in a statement released on Monday. The governments of Indonesia…
By Bernadette Christina and Dewi Kurniawati JAKARTA, March 17 (Reuters) – Indonesia’s plan to channel crude palm oil (CPO) exports via a futures exchange would improve policymaking in the top producer and avoid a need for the type of export ban that sent shockwaves through global markets last year, its chief regulator said. Authorities aim…
THE Plantation and Commodities Ministry (MPIC) alongside its Indonesian counterpart will be meeting European Union (EU) representatives at the end of May to address the issue of banning the sales and export of palm oil to their bloc. According to Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof, the meeting will…
Jakarta. The B35 policy — which increases the palm-oil based biodiesel blend from 30 percent to 35 percent — could increase domestic demand for palm oil by 2 million tons, an industry executive has said. “Switching from B30 to B35 will potentially spur a 2 million ton increase in [domestic palm oil] demand,” Santosa, the chief executive…
JAKARTA — Indonesia and Malaysia are in need of strong commitment to strengthen their synergy in defending their positions as the world’s largest producers of palm oil, which has been long the target of negative campaigns at the global market. Tofan Mahdi, Head of Communication Division at the Indonesian Palm Oil Association (GAPKI), said that…
JAKARTA, Dec 9 (Reuters) – Indonesia may start implementing a programme to use biodiesel with 35% blend of palm oil-based fuel, known as B35, from January, 2023, a senior energy ministry official said on Friday. Currently the world’s top palm oil producer, Indonesia uses B30, containing 30% palm oil-based fuel. The overall palm oil-based fuel allocation for 2023…
JAKARTA, Dec 7 (Reuters) – Indonesia’s energy ministry plans to start rolling out a 5% ethanol blend of fuel made using sugarcane in three years time, starting with a few provinces of the country, it said in a statement on Wednesday. Under a new roadmap, which was developed with the Bandung Institute of Technology, the introduction of bioethanol…
Jakarta (ANTARA) – The Coordinating Ministry for Economic Affairs spotlighted collaboration as being crucial in pursuing a green economy to achieve the Sustainable Development Goals (SDGs) in 2030. Deputy for Food and Agriculture Coordination at the Coordinating Ministry for Economic Affairs Musdhalifah Machmud stated that the collaboration in question is between the government, private sector,…
China has signed a US$2.6 billion worth of commitment to purchase crude palm oil (CPO) and its derivative products from Indonesia, allowing the archipelagic country to secure a trade boost from its number-one trading partner amid global recession. The sum covers a total of 2.5 million tonnes of CPO and some derivative products, involving deals…
Indonesia’s trade balance experienced an unanticipated bump in October as demand from the country’s largest Asian trading partners increased and imports of capital goods fell. The trade surplus rose to USD5.67 billion in October, according to Statistics Indonesia (BPS), reversing a drop in the previous month that brought the balance to USD4.99 billion. The export…
The stronger price of crude oil is making a higher mix of bio-content in fuel increasingly more feasible for Indonesia, which currently has a mandatory 30% mix of palm oil in biodiesel, a senior cabinet minister told an industry conference on Thursday. The cost of producing biodiesel is cheaper than fossil diesel fuel at the moment,…
Workers from Indonesia are top on the preferred list by oil palm plantation owners and smallholders, says caretaker Deputy Plantation Industries and Commodities Minister Datuk Seri Dr Wee Jeck Seng. He said Indonesian workers were known to have the expertise and experience in harvesting and collecting fresh fruit bunches. “Apart from Indonesia, we are also…
Jakarta, CNBC Indonesia – Pemerintah dalam hal ini Kementerian Energi dan Sumber Daya Mineral (ESDM) telah melakukan uji jalan (road test) penggunaan Bahan Bakar Nabati (BBN) jenis biodiesel dengan campuran 40% atau disebut B40 pada kendaraan bermesin diesel. Hasilnya, pemerintah akan segera mengeluarkan rekomendasi teknis kebijakan agar B40 bisa segera diimplementasikan. Menteri ESDM Arifin Tasrif mengatakan,…
Minister of Energy, Resources, and Mineral Resources (ESDM) Arifin Tasrif shared optimism that the use of 40 percent biodiesel (B40) fuel can be implemented in early 2023. B40 means it contains a 40% blend of palm oil-derived biofuel and 60% diesel. “B40 is ready to be launched in January, inshallah, depending on the test results.…
Palm oil closed at its highest level in more than two months after top grower Indonesia extended an export levy waiver for the crude variety, but raised the reference price. Indonesia will continue the concession until the end of the year, provided the reference price, which is used to decide taxes, stays below US$800 a…
Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to trade with a downward bias this week, given the country’s large stockpile, says palm oil trader David Ng. He forecast CPO prices would trade between RM3,400 and RM4,000 per tonne. A Malaysian Palm Oil Board report on Tuesday revealed that CPO stocks…
India’s palm oil imports in September jumped to their highest in a year, boosted by strong demand ahead of the peak festival season and a steep discount to rival oils, a leading trade body said on Thursday. Higher buying by the world’s biggest importer of vegetable oils could help top producer Indonesia trim stocks and support…
JAKARTA: Indonesia exported 4.33 million tonnes of palm oil products in August, data from industry group the Indonesian Palm Oil Association (GAPKI) showed on Tuesday (Oct 11), up from 2.71 million tonnes in July. Indonesia’s decision to waive levies on palm oil exports had helped “improved competitiveness of Indonesian palm oil products in global market…
JAKARTA – Indonesia, the world’s biggest producer of palm oil, may extend an export levy waiver on the edible oil to the end of this year, its chief economic minister said on Tuesday. Indonesia started waiving levies imposed on exports of palm oil products from mid-July to help reduce a stock glut that accumulated after a…
Indonesia booked a US$138.2 million worth of palm kernel shells trade contract with Japan for the latter’s renewable energy needs. The agreement was met in a business meeting and the signing of a trade agreement in Tokyo today, Sept. 28. The business meeting that resulted in the trade contract was part of a series of trade…
