Improving sustainable Indonesian palm oil

The global concerns about sustainability are steadily rising. Many countries are working to prevent climate change. Various targets have been set to minimize the effects of global warming. As a result, the issuance of green bonds has increased rapidly in recent years. Investment managers are also beginning to gradually reduce high carbon-producing sectors, such as…

Turning palm oil waste to wealth

An agriculture, the so-called waste is not wasted. The Chief Executive, Golden Seed Fats and Oils Limited,Lanre Sam-Akinkunmi, is proving this. He has explored every part of the palm tree. These include the empty fruit bunches (EFB), mesocarp fibres, palm kernel shells, and also the fronds and trunks. Though he keeps palm kernel shells left over…

When in doubt, palm oil

Amid Covid-uncertainty and a massive second wave, Indonesia decided to double down on what its export economy does best: palm oil. An export tariff cut came into effect over the weekend. The idea is to make Indonesian palm oil and its derivatives irresistible on the global market. The way the tariff scheme is set up,…

EU should end discriminatory measures against Indonesia’s palm oil

Foreign Affairs Minister Retno Marsudi earnestly appealed to the European Union (EU) to avoid discriminating against Indonesian palm oil, as the Southeast Asian nation was endeavoring to achieve economic recovery amid the COVID-19 pandemic. “Indonesia’s request is simple that fair treatment be given to Indonesian palm oil,” Marsudi remarked during a virtual press statement after…

Palm Oil Contributes Significantly to Indonesia’s Exports, Says Minister

Indonesia’s food and beverage industry, particularly palm oil, has contributed significantly to the country’s exports, in addition to base metal industry and chemical product and chemical industry. The food and beverage industry contributed US$9.69 billion, the base metal industry at US$5.87 billion, and the chemical product and chemical industry amounting to US$4.18 billion. “The food industry’s export…