Archived News

Indonesia booked a trade surplus of US$2.09 billion in May as imports fell steeper than the export slump against the backdrop of social restrictions worldwide and supply chain disruption, Statistics Indonesia (BPS) announced Monday.

In a letter sent to three EU Commissioners, including Vice-President Frans Timmermans, the European waste-based biodiesel industry has voiced its concerns about alleged plans by the European Commission to promote sustainable aviation fuel (SAF).

REPUBLIKA.CO.ID, JAKARTA -- Kebijakan Bea Masuk Anti Subsidi atau countervailing duties (CVD) oleh Uni Eropa terhadap produk biodiesel Indonesia mulai memberikan dampak buruk. Ekspor biodiesel sepanjang kuartal I 2020 turun 99 persen terhadap periode yang sama tahun 2019.

AKURAT.CO Wakil Menteri Perdagangan Jerry Sambuaga menilai bahwa tren ekspor kelapa sawit dan produk turunannya masih kondusif di tengah kondisi perdagangan nasional yang terdampak dari situasi pandemi COVID-19.

KUALA LUMPUR: Market observers are upbeat about demand for Malaysia's palm oil from India and China due to current low stocks there and attractive crude palm oil price discount against other edible oils.

NEW DELHI • Reducing dependence on imported edible oils is part of India’s larger quest for food self-sufficiency.

KUALA LUMPUR, June 15 - Malaysian palm oil futures fell on Monday, weighed by weaker crude prices, although hopes of a dramatic rise in June 1-15 exports limited losses

Hyderabad: With increased irrigation facilities in the State and the government encouraging farmers to diversify from traditional farming patterns, oil palm cultivation could be the next big thing happening in the agriculture sector in Telangana. Currently, oil palm is being grown in Nalgonda, Suryapet, Khammam and Bhadradri districts of the State with a cumulative area coverage of around 45,000 acres, producing around 30,000 tonnes of crude palm oil.

KUALA LUMPUR (June 15): Malaysian Palm Oil Board (MPOB) has ordered an oil palm mill in Kluang, Johor that caused river pollution to halt its operation immediately until the date the Johor Department of Environment (DOE) lifts the suspension of its licence, said MPOB Director General Dr Ahmad Parveez Ghulam Kadir.

TEMPO.CO, Jakarta - Indonesian palm oil company, PT Astra Agro Lestari, has recorded positive operational and financial performance amid the global COVID-19 pandemic, which has posed economic challenges worldwide.

Due to the decrease in international palm oil prices, some premium brands decreased their prices by a nominal Rs5 per kg, however the MoIP calculates that the actual reduction should have been at least Rs50 per kg.

MALAYSIA’S palm oil exports to the Chinese market is likely to face fierce competition from Indonesia due to their competitive price point and higher crude palm oil (CPO) output