BIOFERTILISERS are “natural fertilisers that contain living microorganisms (live biomass or dormant cells of effective microbial strains) which, when applied to seed, plant surfaces, or soil, colonises the rhizosphere (i.e., plant-root interface) and promotes growth by increasing the supply or availability of primary nutrients to the host plant”. The term, “rhizosphere” refers to “the soil…
Jakarta (ANTARA) – Coordinating Economic Affairs Minister Airlangga Hartarto remained sanguine about Indonesia clocking a five-percent economic growth despite large-scale social restrictions (PSBB) being imposed in Jakarta and 23 districts and cities in six provinces on Jan 11-25. “We are optimistic, and the economic growth is projected at five percent by the end of the…
The Indonesian Palm Oil Association (GAPKI) on Thursday said government plans to roll out a B40 mandate that would require a 40% palm oil mix in domestic diesel could be delayed beyond the end of 2022. The world’s top palm oil producer said in November its plans to raise the bio-content of palm oil-based biodiesel…
JAKARTA – Indonesia has raised the crude palm oil (CPO) reference price and export levy for January, an official document on its trade ministry website showed on Monday. The reference price of crude palm oil will be raised to $951.86 per tonne in January from $870.77 in December while export tax collected from CPO will…
Jakarta (ANTARA) – Indonesia needs to build support in the global market to tackle the negative sentiment in the European Union for its palm oil, an official from the Coordinating Ministry for Economic Affairs has said. “For me, it is about how we build the spirit from the inside, or build sympathy from the global…
JAKARTA: Indonesia, the world’s top palm oil maker, may lower its palm oil biofuel allocation for 2021 as the government adopted a more cautious fuel consumption outlook next year, an official at the National Energy Council said on Wednesday. The energy ministry may lower the allocation of fatty acid methyl ester (FAME) made from palm…
Fitch Ratings-Singapore/Jakarta-08 December 2020: The revision in Indonesia’s export levy structure should support Indonesia’s biodiesel consumption growth in 2021 by boosting collections to fund the subsidy burden, Fitch Ratings says. This will also support crude palm oil (CPO) prices, and the Malaysian benchmark should average higher than our assumption of USD560/tonne (t) in 2021. However,…
Higher palm oil prices (up 60% y-o-y) have increased realisations as well as profitability of Godrej Agrovet’s vegetable oil segment. Lower supplies from South-East Asia are leading to higher palm oil prices in India. With gradual reopening of the economy, demand from HoReCa segment is likely to improve, which may further increase palm oil prices.…
Jakarta. The inclusive closed-loop model has helped improve the vulnerable oil palm smallholders’ productivity and well-being, key for increasing Indonesia’s palm oil productivity over the next few decades, a powerful business lobby said on Thursday. The inclusive closed-loop model puts farmers at the center of palm oil production, connecting them with palm oil companies, banks,…
Jakarta. Coordinating Minister for Economic Affairs Airlangga Hartarto ensures the government will continue to bolster both the palm oil industry’s economic resilience and socio-environmental sustainability through a string of policies. According to Airlangga, the agricultural, forestry, and fisheries sector is the third-largest contributor to Indonesia’s GDP. Social distancing measures across various regions have disrupted the…
