India’s palm oil imports in 2019/20 are likely to rise 2% from a year earlier to a record high as consumption in the world’s biggest edible oil buyer will expand more rapidly than local supplies, a leading industry analyst said on Wednesday. Higher imports may help support benchmark Malaysian palm oil prices that in July…
PUTRAJAYA: It is unfair to keep blaming the palm oil industry for the haze, as many companies adhere to sustainable agriculture standards, says Teresa Kok. The Primary Industries Minister said palm oil companies subscribe to the principles set by initiatives aimed at promoting sustainable palm oil production such as the Roundtable on Sustainable Palm Oil…
KUALA LUMPUR (Sept 19): It is inaccurate to direct much of the blame for the recent haze in Southeast Asia towards the palm oil industry, as oil palm plantations are generally not the source of burning, according to the Council of Palm Oil Producing Countries (CPOPC). Fires recorded on plantation areas have generally spread there…
The Energy and Mineral Resources Ministry is working to secure global recognition of Indonesian palm oil–based biofuels as a renewable energy source after the European Union categorized the product as unsustainable earlier this year. The ministry’s deputy minister Arcandra Tahar said he met representatives from the International Energy Agency (IEA) and International Renewable Energy Agency…
JAKARTA, Sept 12 (Reuters) – * Azis Hidayat, chairman of the Indonesian Sustainable Palm Oil (ISPO) secretariat, said the area covered by ISPO certified plantations will reach 5.5 million hectares by the end of 2019 * Currently there are 5.17 million hectares of ISPO certified plantations, made up of plantations run by 550 companies and…
Jakarta. Indonesia’s palm oil lobby group and one of the country’s most prominent agricultural research institutes signed memorandum of understanding in Bogor, West Java, on Tuesday on the development of sustainable palm plantations. The agreement between the Indonesian Palm Oil Association (Gapki) and Bogor Agricultural University (IPB) emphasizes technology-based research and development to meet the…
MUMBAI/NEW DELHI (Sept 5): India has raised the tax on refined palm oil from Malaysia to 50% from 45% for six months to curb imports and boost local refining. The world’s biggest edible oil importer currently imposes a 40% import tax on crude palm oil and 50% on refined palm oils. But since January, shipments…
Jakarta. An early warning system developed by Astra Agro Lestari has helped prevent forest fires in Paser district, East Kalimantan, the palm oil producer said in a press release. Edward Effendi, head of the Paser chapter of the National Disaster Mitigation Agency (BNPB), lauded Astra Agro subsidiary Borneo Indah Marjaya for the steps it had taken…
The government has finally agreed to bear the costs incurred by smallhold farmers for obtaining Indonesia Sustainable Palm Oil (ISPO) certification, a senior minister has said. Coordinating Economic Minister Darmin Nasution said in Jakarta on Wednesday that the funding program would be part of the presidential regulation on ISPO administration, which was expected to be…
Jakarta. Astra Agro Lestari has said in a statement they have made a series of preparations in anticipation of extreme weather changes and potential forest fires during this dry season. Working closely with the Regional Disaster Management Agency (BPPD), the National Police, the Army and the Environment and Forestry Ministry, Astra Agro already has 1,036 fire management personnel at the ready. The company’s…
KUALA LUMPUR, Aug 25 — The Ministry of Primary Industries will hold discussions with the Ministry of Agriculture and Agro-Based Industry as well as the Ministry of International Trade and Industry to discuss on measures to create a better trade balance between Malaysia and India for the palm oil market. Minister Teresa Kok said the…
THE JAKARTA POST/JAKARTA The government is lacking in strong measures to fight tariff barriers implemented by several palm oil export destinations, including India and the European Union, Indonesian Oil Palm Association (GAPKI) chairman Joko Supriyono has said. The country’s number one export commodity continues to face criticism over sustainability, such as deforestation issues raised by…
JAKARTA (Reuters) – Indonesia to issue a new palm sustainability regulation to give greater support for smallholders to get sustainability certificates, Coordinating Minister of Economic Affairs Darmin Nasution said on Wednesday. Under the new regulation, the government will fund certification process by Indonesia Sustainable Palm Oil (ISPO) for smallholders, he told reporters. The new decree,…
JAKARTA, July 31 (Reuters) – Indonesia’s Palm Oil Association (GAPKI) urged the government to increase import tariffs on dairy products from the European Union in retaliation for the bloc’s policies on palm oil. Exports of palm oil from the world’s top producer Indonesia to Europe are under threat after the EU decided that palm oil…
Palm oil is the wonderstuff of fats. It makes our cookies crunchier, shampoo bubblier and lipstick smoother, all for a fraction of the price of other oils. However, a recent media storm has cast a shadow on the industry. Headlines have exposed the mass deforestation at the hands of palm oil production, and all the…
C16 Biosciences is hoping to tap into the $88 billion global palm oil industry with its sustainable, lab-grown alternative, by first concentrating on replacing the use of palm oil in the skincare and cosmetic sector. Green startup C16 Biosciences has developed a lab-grown alternative to palm oil. Palm oil an industry that is estimated to…
Malaysia is set to replace Indonesia as the top palm oil supplier to India in 2019 as New Delhi has been charging lower import tax on refined palm oil shipments from Malaysia, giving Kuala Lumpur an edge over Jakarta, trade officials said. The rise in refined palm oil shipments will help refiners in Malaysia and…
Monday, 24 June 2019 | The Jakarta Post The European parliamentary elections last month resulted in a significant and challenging outcome, especially for the palm oil industry. Both the Greens (Greens European Free Alliance) and the far-right nationalists gained additional seats, while the center-right and centerleft lost their majority. The main agenda item for the…
Monday, 3 June 2019 | The Jakarta Post Indonesia and the European Union need to further promote cooperation over sustainable palm oil to help ease the tension between Jakarta and Brussels over the latter”s move to phase out the use of crude palm oil in biofuel by 2030, an EU representative has said. “Indonesia wants…
Wednesday, 29 May 2019 | www.thesundaily.my Poland is against the European Union’s (EU) proposed plan to ban the use of palm oil as a component of biofuels, and stressed that the republic does not intend to reduce the demand for Malaysian palm oil. Polish Ambassador to Malaysia Professor Krzysztof Debnicki said that Poland – one…
