The snail–like pace at which Indonesia is improving the sustainability of its palm oil agriculture in the face of mounting pressure from global trade players could jeopardize the commodity’s future, experts have warned. Among the critics of Indonesia’s palm oil agriculture management is Bogor Agricultural University (IPB) forestry expert and Center for International Forestry Research…
Recently, Indonesia was faced with a problematic issue relating to the crude-palm-oil (CPO) industry as the European Union announced plans to ban the importation of the commodity. The EU claimed that environmental concerns were a strong reason for the ban, but a closer look suggests that European domestic interests were also a major incentive. According…
Does Nepal produce palm oil? No. So how did it feature as Nepal’s top export item in the last fiscal and in the first month of this fiscal? Nepal exported Rs 10.3 billion of palm oil in the last fiscal, which ended in mid-July. This export volume surprised many as the central bank report had…
MUMBAI – Earlier this month, India raised customs duty on Malaysian palm oil, bringing the import duty rate at par with those on other countries such as Indonesia. However, Indonesian Palm Oil Association sees the hike as too late to recover the market share lost to its closest competitor in India, the world’s biggest importer…
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…
