Wading through the tropical waters of Sulawesi showcases the stunning marine scenery, making it a paradise for seafood enthusiasts. Due to its strategic location, the island’s geography makes it an excellent potential to become an alternative trade route for various commodities. However, the threat of abrasion and coastal erosion is a significant challenge that requires…
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During the dry season, water dries up and is absorbed by the sand, but the waves increasingly rustle when it rains. The uncertainty of the weather climate of the Krueng No coastal area in Aceh Jaya encourages one of the palm oil companies in Aceh Jaya to take positive steps for the environment. Mangroves, plants…
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The uncertainty of the weather climate in the Krueng No coastal area in Aceh Jaya has driven one of the palm oil companies in the area, PT Tunggal Perkasa Plantation 3 (TPP3), to take positive steps for the environment. The company planted mangroves on the Krueng No beach on Friday (5/6/2024).Mangrove forests are often called…
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PT Tri Buana Mas (TBM) Astra Agro together with partner farmers and the Fishermen’s Fire Prevention Group Fishermen(NPA) of Sawaja Village, Candi Laras Utara District, Tapin, South Kalimantan (Kalsel) held a socialization of strategies and guidance for the prevention and control of forest and land fires (karhutla), a form of alertness to face the 2024…
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Malaysian palm oil futures closed with their best week in five, even as prices fell on Friday as traders chose to book profits ahead of a long weekend. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 27 ringgit, or 0.66%, to 4,040 ringgit ($858.30) a metric ton…
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Professor of the Bogor Agricultural University (IPB) Erliza Hambali said Indonesia must maximize the added value of downstream oil palm in order to boost national economic growth. “As the largest palm oil producer in the world, it is appropriate that the added value is in Indonesia, not in other countries,” said Prof. Erliza Hambali in…
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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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PT Kimia Tirta Utama (PT KTU), a subsidiary of Astra Agro operating in Koto Gasib, Siak Regency, hosted a training on sustainable palm oil commodities. The visit at PT KTU was part of a long series of training held from June 22 to July 2, 2024, organized by the Directorate General of Americas and Europe,…
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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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