Archived News

KUALA LUMPUR: The government is currently focusing on Regional Comprehensive Economic Partnership (RCEP) negotiations and will later look at other free trade agreements (FTAs), including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

TARAKAN – Selama pandemi Covid-19, penjualan minyak sawit mentah atau crude palm oil (CPO) tidak demikian terdampak. Hal tersebut dikarenakan adanya kebijakan pemerintah pusat dengan meningkatkan konsumsi kelapa sawit domestik yakni B-20.

KUCHING: The Sarawak Oil Palm Plantation Owners Association (Soppoa) has appealed to the authorities concerned to immediately find ways to get Indonesian workers in light of the extension of the Recovery Movement Control Order (RMCO).

JAKARTA, Aug 31 (Reuters) - Indonesia's oil and gas company PT Pertamina estimates the country's total sales of biodiesel with 30% palm oil content will be at 28.2 million kilolitres (KL) this year, its director told parliament on Monday.

KUALA LUMPUR, Aug 29 ― The second quarter of 2020 calendar year was a boon for plantation companies as they reported outstanding financial performances due to the higher crude palm oil price amid lower production.

KUALA LUMPUR, Sept 1 - Malaysian palm oil futures rose to their highest level in nearly a month on Tuesday and are set to extend a three-day winning streak, tracking higher rival soy oil and crude prices.

Indonesia plans to complete two key tests for its domestically produced palm oil-based biodiesel by November this year, as the world’s top palm oil producing country prepares to move ahead with the 40 percent biodiesel blend (B40).

India has pitched for stronger provisions in the rules of origin, removal of non-tariff barriers and better market access in the existing existing Free-Trade agreement (FTA) with the the Association of Southeast Asian Nations (ASEAN), arguing the changes should kick off sooner rather than later.

JAKARTA: Malaysian palm oil futures gained for a third straight session on Friday after soyaoils rose and palm demand showed signs of improvement, helping the vegetable oil to post its first weekly gain in three weeks. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 2.2% at 2,741 ringgit ($656.84) a tonne by the close of trade, posting its best daily gain in more than a month.

ASEAN economic ministers are committed to strengthening regional supply chains and improve trade digitalization to spur trade and investments, as well as cushion the impact of the ongoing health crisis, according to Indonesian Trade Minister Agus Suparmanto

To avoid collateral damage, the domestic industry has adopted the Indian Palm Oil Sustainability Framework in association with an NGO. This is similar to the best practices adopted by the Roundtable on Sustainable Palm Oil (RSPO), which has oil producers, processors, traders, industrial users, banks and NGOs as members. Currently, about 15% of palm oil production meets this standard.

More than 80 per cent of the Indonesian rainforest, mangroves and peatlands most vulnerable to being cleared for palm oil production is completely unprotected by the country’s Forest Moratorium, according to new research.