Out of five renewable energy sources being developed in Indonesia, bioenergy saw the most progress this year as Indonesia escalated a policy mandating the use of biofuel-blended diesel. Otherwise, renewable energy development and investments are poised to fall behind annual targets. August marked Indonesia”s 11th month of mandating the use of 20 percent blended biodiesel…
Duty on CPO lowered to 37.5 percent from 40 percent Reuters/Mumbai, India India has cut import taxes on crude and refined palm oil from ASEAN countries after a request from suppliers, a government notification said on Tuesday. The reduction will lead to higher imports of palm oil by the world’s biggest edible oil buyer in…
JAKARTA – Indonesia’s Oil Palm Plantation Fund Management Agency, or BPDPKS, will resume collecting export levy of $50 per tn on crude palm oil and lower levy on downstream products as the country’s trade ministry today announced CPO reference price for January at $729.72 per tn, up from $650.18 per tn in December. “The CPO…
SIAK, Riau: Kimia Tirta Utama Junior High School is located amid 6,400ha of palm plantation owned by Indonesian palm oil producer PT Kimia Tirta Utama (KTU). With palm trees being a familiar plant in their surroundings, the 282 students are taught sustainable agriculture from an early age. They learn how to recycle waste and more…
Indonesia and India are working to find a new strategy to achieve a bilateral trade target of US$50 billion within the next five years, Foreign Minister Retno Marsudi said as she sought to strengthen Indonesia’s palm oil exports to India. Together with her Indian counterpart Subrahmanyam Jaishankar, Retno cochaired the sixth Joint Commission Meeting in…
The world’s largest producer of palm oil, is focusing big on exports to countries like India and China to overcome the likely setback it may face from the European Union, which may cut down on imports of palm oil products. MEDAN (INDONESIA): Indonesia, the world’s largest producer of palm oil, is focusing big on exports…
Jakarta – Indonesia will continue negotiations on an economic agreement with the European Union despite growing tension, after a leaked document revealed the EU intended to exclude palm oil-derived biofuels from trade between the two countries by 2021. Deputy foreign minister Mahendra Siregar said his ministry’s first priority is to make sure Indonesia’s biggest export…
Jakarta Palm oil has become one of the main engines of Indonesia’s economy. It directly and indirectly provides a livelihood for more than 16 million people. On top of that, palm oil is the second-biggest contributor to Indonesian exports, losing only to coal. Palm oil , contributed more than 9 percent to Indonesia”s total export…
Indonesia is set to strengthen its palm oil industry by encouraging stakeholders to comply with Indonesia Sustainable Palm Oil (ISPO) certification and strengthening the domestic market to anticipate lower demand from the European Union. The ISPO certification could help the country’s palm oil sector in combatting negative campaigns, Vice President Ma’ruf Amin said during his…
“The figure for vegetable oil demand increases from year to year, so the government shall have to think of how the palm business can be conducted along with the development programme for our people.” Nusa Dua, Bali (ANTARA) – Palm oil products are likely to be considered a solution to meet the current global demand…
