KUALA LUMPUR (Sept 24): Indonesia’s crude palm oil production (CPO) is expected to rise 11% year-on-year (y-o-y) in 2021, thanks to timely fertiliser application and better weather this year, said UOB Kay Hian Research. In a note, analysts Leow Huey Chuen and Jacquelyn Yow said the Indonesian Palm Oil Association (GAPKI) expects the republic’s domestic…
Jakarta (ANTARA) – Indonesia’s Energy and Mineral Resources Minister Arifin Tasrif shed light on the country’s clean energy development strategies at the 11th Clean Energy Ministerial Meeting (CEM 11) and the 5th Mission Innovation (MI-5) organized virtually, Tuesday. Indonesia had copious renewable energy sources, including renewable energy potential of nearly 400 GW, Tasrif noted in…
Jakarta. The growing number of “palm oil free”-labeled products on the market can cast palm oil in an unfavorable light, according to a recent webinar held by the Indonesian Palm Oil Association or Gapki. Earlier this month, Australian chocolate company Darell Lea launched an ad to announce that they have entirely ditched palm oil in…
Indonesia has called on the United Kingdom to implement equivalent regulations for rapeseed oil as stipulated in the Due Diligence policy it is looking to apply to palm oil, in order to achieve proper ‘mutual recognition’ of each other’s regulatory frameworks. The proposed Due Diligence policy would make it compulsory for palm oil importers in…
Indonesia’s used cooking oil exports reached an all-time high of 22,000t in July from 20,000t in June and 14,000t a year earlier. More than 133,000t was exported over the first seven months of this year, up from 85,000t during January-July 2019. The Netherlands took 55,000t, Malaysia 31,000t, Singapore 21,000t and South Korea 11,000t. Waste-based biodiesel…
Jakarta (ANTARA) – Several members of the House of Representatives (DPR), in their statements received by Antara, opined that the palm oil commodity holds strategic value as a source of foreign exchange and to support the national economy. Deputy Chairman of Commission IV of the DPR, Hasan Aminuddin, in a statement here, Wednesday, stated that…
Publicly listed agribusiness company PT Astra Agro Lestari plans to focus on containing its costs amid fluctuating commodity prices in order to remain competitive and to boost profitability. The company’s revenue increased by 6.5 percent to Rp 9.08 trillion (US$623.78 million) during the first six months of the year compared with the corresponding period last…
JAKARTA – PT Astra Agro Lestari produced 707,000 tn crude palm oil in Jan-Jun, 15.2% less than 834,000 tn in the same period last year, Santosa, president director of the company, told a press conference after the public expose organised by the Indonesia Stock Exchange today. The drop in CPO production was due mainly to…
The bloc’s destructive policies on peatlands raise serious questions about its environmental commitments, argues Ibrahim Özdemir. The first lesson of climate change teaches us is that we are all on the same boat: planet Earth. Therefore, when the EU acts on climate change we must remember that our fates are interconnected. It is a problem;…
PALM oil is widely used in food products due to its superior health benefits and versatility — from cooking oil to margarine, bakery fats, chocolates, confectioneries, ice cream, dairy substitutes and food supplements. To ensure a healthy lifestyle, one must adopt a balanced diet to keep our body active and healthy. Fat intakes at the…
