Berita Arkib

When the US on 4 March last year announced that it is withdrawing duty-free entry for Indian exports worth around $6 billion, it brought the curtains down to a year- long dialogue between the two strategic partners for hammering out a limited trade package.

TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto said the government was determined to implement the 40-percent biofuel or the B40 program no later than July 2021. At present, the government was finalizing a specially-designed roadmap.

Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China.

The Roundtable on Sustainable Palm Oil (RSPO) opines that any discouraging developments regarding palm oil could be resolved through a clear perspective and progressive and proportional explanation on the commodity value chain by both major palm oil buyers and major producers.

Indonesia is backing calls for a coordinated global response to the coronavirus outbreak, warning that the authorities may be underestimating its impact on trade and economic growth.

India has issued about 70 licences for importing about five lakh tonnes of refined palm oil from three countries — Bangladesh, Nepal and Indonesia, sources said

THE global economy has been caught in a perfect storm. Still reeling from the after-effects of the US-China trade war and protectionist measures instituted by major economies, the outbreak of COVID-19, which has now spread to more than 20 countries, has further hit growth prospects, conceivably for the first six months of the year at least.

Indonesia has become a major exporter of agricultural products, thanks to serious efforts made by North Sumatra in promoting its local farming activities

Malaysian palm oil futures fell on Monday, pressured by prospects of higher production and concerns over falling demand due to the global spread of the coronavirus, although losses were limited by a weaker ringgit.

Operators of oil palm estates that cover above 40 hectares are required to have the Malaysian Sustainable Palm Oil (MSPO) certification – effective this year.

The implementation of the Biodiesel B20 Programme for the transport sector is expected to provide sustainable support for palm oil demand, hence ensuring price stability for the commodity, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said.

The Primary Industries Ministry is maintaining that it had conducted reasonably extensive testing of B20 biodiesel before making it mandatory.