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…
MUMBAI/NEW DELHI (Sept 5): India has raised the tax on refined palm oil from Malaysia to 50% from 45% for six months to curb imports and boost local refining. The world’s biggest edible oil importer currently imposes a 40% import tax on crude palm oil and 50% on refined palm oils. But since January, shipments…
Jakarta. An early warning system developed by Astra Agro Lestari has helped prevent forest fires in Paser district, East Kalimantan, the palm oil producer said in a press release. Edward Effendi, head of the Paser chapter of the National Disaster Mitigation Agency (BNPB), lauded Astra Agro subsidiary Borneo Indah Marjaya for the steps it had taken…
The government has finally agreed to bear the costs incurred by smallhold farmers for obtaining Indonesia Sustainable Palm Oil (ISPO) certification, a senior minister has said. Coordinating Economic Minister Darmin Nasution said in Jakarta on Wednesday that the funding program would be part of the presidential regulation on ISPO administration, which was expected to be…
Jakarta. Astra Agro Lestari has said in a statement they have made a series of preparations in anticipation of extreme weather changes and potential forest fires during this dry season. Working closely with the Regional Disaster Management Agency (BPPD), the National Police, the Army and the Environment and Forestry Ministry, Astra Agro already has 1,036 fire management personnel at the ready. The company’s…
