The National oil palm plantation company, PT Astra Agro Lestari Tbk has been awarded the Ganesa Widya Jasa Utama award from the Bandung Institute of Technology (ITB). The highest award was given as a form of appreciation for Astra Agro’s contribution to the field of education, research, and technology development in the Agribusiness sector. “Astra…
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The Capacity Building Training for Sustainable Commodity Management Based on Smallholder Agriculture for Like-Minded Countries (LMCs) has been successfully conducted in Bogor and Riau (22/6 – 2/7). This training is a collaboration between the Ministry of Foreign Affairs of the Republic of Indonesia, Institut Pertanian Bogor (IPB), and the Lembaga Dana Kerja Sama Pembangunan Indonesia…
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India’s palm oil imports rose by 3% in June from the previous month to reach the highest level in six months on robust demand from refiners for upcoming festivals and as the oil traded at a discount to rival oils, five dealers told Reuters. Higher palm oil purchases by India, the world’s biggest importer of…
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PT Tunggal Perkasa Plantation (TPP), an oil palm plantation company in Indragiri Hulu (Inhu), Riau Province, claims to have implemented Corporate Social Responsibility (CSR) by the mandate of Law Number 40 of 2007 concerning Limited Liability Companies. The CSR program is carried out every month. “This is a form of commitment to sustainable economic development,…
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Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries over subdued production and tracking rival edible oils higher. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange gained 71 ringgit, or 1.81%, to 3,987 ringgit ($845.96) per metric ton by the midday break.…
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The Indonesian Palm Oil Entrepreneurs Association (Gapki) revealed that the prospect of palm oil is still good in the midst of the 2024 Presidential Election (US). “The prospects are still good, we see that the United States continues to increase demand for palm oil, finally it has even approached 2 million tons,” said Gapki General…
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The reference price (HR) for the palm oil commodity (CPO) for the July 2024 period was 800.75 US dollars per MT. This value increased by 21.93 US dollars or 2.82 percent from the June 2024 period which was recorded at 778.82 US dollars per MT. Director General of Foreign Trade of the Ministry of Trade…
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India has recently announced a measure to address food inflation by permitting limited imports of essential commodities under the tariff-rate quota (TRQ) framework. This move, aimed at easing the burden on consumers, includes corn, crude sunflower oil, refined rapeseed oil, and milk powder. Under TRQ, importers benefit from reduced or zero tariffs, strategically implemented to…
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The head of the Central Kalimantan Statistics Agency or BPS, Eko Marsoro revealed that palm oil is still one of the main commodities of Central Kalimantan exports. “The main commodities of Central Kalimantan exports during April 2024 were coal in the mineral fuel group, palm oil in the animal/vegetable fats and oils group, and zirconium,…
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Astra Agro communicates transparently in response to every report on the Company’s official website, grievance mechanism, email, and other platforms. Hence, it is unexpected that there are still unconfirmed reports on alleged deforestation, human rights violations, and environmental destruction in the Company’s business supply chain. By its commitment, Astra Agro openly accepts input, criticism, and…
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CPO price has risen by 1.5% since previous Monthly Commodity Outlook publication on 24 May says OCBC which reached MYR3,930/mt as of 21 June closing. This brings the quarter-to- date average price to MYR4,040/mt, representing a ~1.0% increase compared to the 1Q24 price average of MYR3,998/mt. OCBC said while it continues to hold the view…
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Thirty-six sustainable agriculture experts from 17 like- minded countries gathered in Bogor to share best practices in Capacity Enhancement Training for Sustainable Oil Palm Management based on Smallholder Agriculture (24/6). The training, held from June 22 to July 2, 2024, is a collaboration between the Ministry of Foreign Affairs, Bogor Agricultural Institute (IPB), and the…
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Palm oil is Indonesia’s most strategic vegetable oil commodity and has a vast market. The potential and opportunity to utilise this industry for the welfare and economic growth of the palm oil industry require some support. “Legal certainty is needed and policymakers need to avoid fast-changing and overlapping regulations,” said Secretary General of the Indonesian…
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PT Astra Agro Lestari Tbk is committed to implementing the principle of sustainability in doing business. One of them is by continuing to encourage using fertilizers from organic materials called Astemic. This biofertilizer can reduce chemical fertilizers by up to 25%. Fenny Sofyan, Vice President of Investor Relations and Public said that Astemic fertilizer comes…
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PT Sari Aditya Loka (PT SAL), has once again achieved success in the field of education. Nirai, one of the students from the Tribe of Anak Dalam (SAD), has successfully graduated from SMKN 8 Sarolangun. Nirai was awarded as a Friendship Student at the graduation ceremony of class XII students for the 2023/2024 academic year…
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A healthy diet must include enough intake of fats. A fat-poor diet can lead to health issues. Nutritionists also advocate that the percentage of energy from fats should not exceed 10 per cent. Too much is also unhealthy. The global demand for edible fats has been growing around 3 per cent yearly, driven by both…
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Stunting is a condition in which children experience stunted growth, leading to shorter height than their age. This condition results from chronic malnutrition and recurrent infections, especially in the first 1,000 days of life, from pregnancy until the child is two years old. Many factors such as poor sanitation, lack of access to health services,…
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The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed higher on Wednesday, tracking the stronger soybean oil and crude oil prices, said palm oil trader David Ng. “The CPO prices are supported at RM3,890 a tonne and resistance is at RM4,050 a tonne,” he told Bernama. Meanwhile, Mumbai-based Sunvin Group commodity…
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On a breezy but bright afternoon, there was a long queue of trucks in front of a new-looking building called Anjungan. A few partitions separated some rooms, including a waiting room complete with coffee, tea, snacks and even wifi, like waiting room facilities in general. Partnerships between companies and all stakeholders are crucial in management…
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The plantation sector will likely see the impact of the hot and dry weather spell more towards the later part of 2024, but total production of the year will likely be higher year-on-year (y-o-y), helped greatly by the availability of adequate supply of labour to the sector. Datuk Dr Ahmad Parveez Ghulam Kadir, director-general of…
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