The world’s top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening sales in their third biggest market. Through the platform of the Council of Palm Oil Producing Countries (CPOPC), the two countries have sent…
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Indonesia and Malaysia, which together account for 85% of global output, in particular have come under fire for clearing biodiversity-rich rainforests and allegations of forced labour. Top palm oil producers said on Thursday that the industry is making strides towards transparency and sustainability across its supply chain despite campaigns against use of the oil. Campaigners…
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Indonesia, the world’s biggest palm oil producer, will increase its refined palm oil exports after raising taxes, leaving Malaysia to become more competitive in crude palm oil (CPO) exports, a leading industry analyst said. The reordering of palm oil trading follows Indonesia’s decision last month to raise the export levy to a progressive system of…
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No country is immune to the rapid disruption occurring in the global energy sector. New technological innovations in both supply and demand have changed the technical versus economic discourse. Renewables are now cheaper than any fossil fuel in most parts of the world. And Indonesia’s no exception to this transition as per IEEFA. The sharp…
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BIOFERTILISERS are “natural fertilisers that contain living microorganisms (live biomass or dormant cells of effective microbial strains) which, when applied to seed, plant surfaces, or soil, colonises the rhizosphere (i.e., plant-root interface) and promotes growth by increasing the supply or availability of primary nutrients to the host plant”. The term, “rhizosphere” refers to “the soil…
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Jakarta (ANTARA) – Coordinating Economic Affairs Minister Airlangga Hartarto remained sanguine about Indonesia clocking a five-percent economic growth despite large-scale social restrictions (PSBB) being imposed in Jakarta and 23 districts and cities in six provinces on Jan 11-25. “We are optimistic, and the economic growth is projected at five percent by the end of the…
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The Indonesian Palm Oil Association (GAPKI) on Thursday said government plans to roll out a B40 mandate that would require a 40% palm oil mix in domestic diesel could be delayed beyond the end of 2022. The world’s top palm oil producer said in November its plans to raise the bio-content of palm oil-based biodiesel…
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JAKARTA – Indonesia has raised the crude palm oil (CPO) reference price and export levy for January, an official document on its trade ministry website showed on Monday. The reference price of crude palm oil will be raised to $951.86 per tonne in January from $870.77 in December while export tax collected from CPO will…
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Jakarta (ANTARA) – Indonesia needs to build support in the global market to tackle the negative sentiment in the European Union for its palm oil, an official from the Coordinating Ministry for Economic Affairs has said. “For me, it is about how we build the spirit from the inside, or build sympathy from the global…
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JAKARTA: Indonesia, the world’s top palm oil maker, may lower its palm oil biofuel allocation for 2021 as the government adopted a more cautious fuel consumption outlook next year, an official at the National Energy Council said on Wednesday. The energy ministry may lower the allocation of fatty acid methyl ester (FAME) made from palm…
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Fitch Ratings-Singapore/Jakarta-08 December 2020: The revision in Indonesia’s export levy structure should support Indonesia’s biodiesel consumption growth in 2021 by boosting collections to fund the subsidy burden, Fitch Ratings says. This will also support crude palm oil (CPO) prices, and the Malaysian benchmark should average higher than our assumption of USD560/tonne (t) in 2021. However,…
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Higher palm oil prices (up 60% y-o-y) have increased realisations as well as profitability of Godrej Agrovet’s vegetable oil segment. Lower supplies from South-East Asia are leading to higher palm oil prices in India. With gradual reopening of the economy, demand from HoReCa segment is likely to improve, which may further increase palm oil prices.…
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Jakarta. The inclusive closed-loop model has helped improve the vulnerable oil palm smallholders’ productivity and well-being, key for increasing Indonesia’s palm oil productivity over the next few decades, a powerful business lobby said on Thursday. The inclusive closed-loop model puts farmers at the center of palm oil production, connecting them with palm oil companies, banks,…
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Jakarta. Coordinating Minister for Economic Affairs Airlangga Hartarto ensures the government will continue to bolster both the palm oil industry’s economic resilience and socio-environmental sustainability through a string of policies. According to Airlangga, the agricultural, forestry, and fisheries sector is the third-largest contributor to Indonesia’s GDP. Social distancing measures across various regions have disrupted the…
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Indonesia’s palm oil industry remained a main pillar of the country’s economic resilience in times of the ongoing pandemic and therefore every element of the nation should work together to counter the negative campaigns against it coming from abroad or from within the country, a senior minister said Thursday (3/12.) Speaking on the second day…
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Yudison smiled proudly. A 28-year-old youth is a local boy from Lung Melah Village, East Kutai, East Kalimantan, who has successfully pursued a career in a palm oil plantation company. At a relatively young age, this Kayan Dayak-blooded man has just received a letter of promotion at PT Karyanusa Ekadaya (KED), the company where he…
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The UK Government has now finalized its proposal for the Due Diligence law that has been under discussion for several months. The law will significantly affect Indonesian palm oil exporters, as palm oil has been identified as one of several commodities that will be targeted, along with soy, coffee, timber, and others. The Due Diligence…
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Jakarta (ANTARA) – Indonesia’s crude palm oil (CPO) production has shown signs of recovery with a consistent production hike in the past three months, the Indonesian Palm Oil Association (Gapki) reported. CPO production stood at 3.85 million tons in July, rose to 4.38 million tons in August, and expanded further to 4.73 million tons in…
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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…
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KUALA LUMPUR (Oct 16): All edible oils should be treated equally in terms of sustainability without bias against palm oil, asserts the Malaysian Palm Oil Council (MPOC). Its chief executive officer Datuk Dr Kalyana Sundram contends that soy, sunflower and canola are so far behind in proving their sustainability, there is little chance that they…
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