Berita Arkib

Indonesia is home to the biggest palm oil cultivation in the world and has become the key actor in sufficing the global demand for palm oil. (Gro-Intelligence, 2016) Indonesia itself has sustained its position as a major producer of palm oil, due to the economic contribution of palm oil such as job creation and industrial promotion. (Suhartadi, 2019) Considering Indonesia’s intense export of palm oil, they see the importance of utilizing regional trade agreements to ease the conduct of export. Indonesia’s participation in the Regional Comprehensive Economic Partnership (RCEP) has provided a series of opportunities to have fewer restrictions when it comes to trade in the region and other member countries. Indonesia’s involvement in the RCEP would affect the perpetuation of both several issues happening in Indonesia and their dependency on foreign markets for national income. I would like to discuss and elaborate the negative implications of Indonesia’s involvement in RCEP to the palm oil industry, domestic supplies, and the welfare of Indonesian workers.

JAKARTA: Malaysian palm oil futures posted a second consecutive weekly loss of about 8% on Friday, weighed by rising Indonesian exports and an expectation of improving output.

KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) has urged plantation owners to increase the use of automation technology to reduce dependency on foreign workers and make the country’s palm oil industry more resilient in the long run.

(June 16): Palm oil slumped to its lowest level since the middle of February on expectations of rising shipments from top grower Indonesia and expanding output in Malaysia.

INTEGRATED palm oil producers with upstream and downstream operations are expected to withstand lower crude palm oil (CPO) prices better than pure upstream players once the current rally tapers off.

SINGAPORE: Palm oil may fall towards 5,394 ringgit per tonne, to fulfil this ultimate target.

JAKARTA: Indonesian President Joko Widodo replaced his trade minister Wednesday over a cooking oil crisis that has roiled global markets, saying “the people need someone experienced”.

Branded edible oil makers have reduced the prices of palm oil, soybean oil, and sunflower oil, bringing some relief to the people. Consumers who have been reeling under inflationary pressure can breathe a sigh of relief as international prices have softened.

The EU last week reduced its imports of palm and soy oil, as well as rapeseed oil (RSO), as the market adjusts to a renewed availability of sunflower seed (SFS) and oil (SFO).

NAPERVILLE, Ill., June 15 (Reuters) - Chicago-traded soybean futures are at their highest ever levels for mid-June despite the forecast for a record-large U.S. harvest this fall and a supply recovery into next year.

In Nigeria, the demand for palm kernel oil – extracted from the fruit of the oil palm tree – is estimated to be double than what local producers can currently supply. Palm oil is used for cooking and it is also an important ingredient in a variety of food and cosmetics products.