Short energy supply and the approaching winter in Europe are spurring demand for fuel, much to the benefit of Indonesian crude palm oil (CPO) exporters. The head of the Finance Ministry’s Fiscal Policy Agency (BKF), Febrio Kacaribu, said the European energy crisis was expected to have a positive short-term impact on Indonesia, as it boosted…
JAKARTA, Sept 15 (Reuters) – Indonesia’s exports hit a record high of $21.42 billion in August, boosted by surging commodity shipments, helping Southeast Asia’s biggest economy post its largest ever monthly trade surplus, official data showed. Robust exports helped Indonesia pull out of recession in the second quarter, but analysts say its recovery may be…
Vitamin E extracted from palm oil helps in boosting the immune response of the body, suggest the findings of a study conducted on mice liver cells. Palm oil contains abundant quantities of vitamin E compounds, which include tocopherols and tocotrienols. These compounds have antioxidant effects, which protect cells from damage from toxic chemicals produced by…
JAKARTA, July 23 (Reuters) – Indonesian state oil company PT Pertamina is set to test the production of jet fuel made up of 3% palm oil by the end of the year, Chief Executive Nicke Widyawati said on Thursday. The comments come a week after the company announced its first batch of biodiesel using feedstock…
The world’s largest producer of palm oil, is focusing big on exports to countries like India and China to overcome the likely setback it may face from the European Union, which may cut down on imports of palm oil products. MEDAN (INDONESIA): Indonesia, the world’s largest producer of palm oil, is focusing big on exports…
Nusa Dua. Indonesia is taking steps to increase competitiveness and productivity in its palm oil industry, especially through boosting domestic consumption. Palm oil is the country’s largest export commodity, earning it more than Rp 27 trillion ($1.9 billion) in state revenue. Indonesia currently exports about 70 percent of its palm oil, also making it the…
“Indonesia is a vast market with more than 260 million people. We need to take this as leverage in establishing mutually beneficial economic cooperation at the bilateral, regional and global levels” Jakarta (ANTARA) – Economic diplomacy has become the priority in Indonesia’s foreign policy for the 2019-2024 period. To conduct economic diplomacy, the Ministry of…
