Berita Arkib

Indonesia, the world’s biggest palm oil producer, plans to create a new agency to conduct independent audits to bolster credibility in its palm oil sustainability certification, the country’s deputy coordinating minister of economic affairs said

The Cabinet has approved a proposal for a new regulation to ban negative labels against palm oil from being displayed on products in the market, says Domestic Trade and Consumerism Minister Datuk Seri Saifuddin Nasution Ismail.

Vice President Ma'ruf Amin has called on the Agriculture Ministry to realize the palm oil replanting program in a bid to enhance productivity and competitiveness of Indonesia's palm oil

The Council of Palm Oil Producing Countries (CPOC) sees the demand for palm oil-based biodiesel increasing by five million tonnes next year, hence pushing up palm oil prices, said its executive director Tan Sri Dr Yusof Basiron.

The Indonesian Palm Oil Association (GAPKI) opined that despite the low prices currently, there will be an improvement in the crude palm oil (CPO) price.

HE Roundtable on Sustainable Palm Oil (RSPO) has certified 3.89 million hectares (ha) of oil palm plantation in June 2019, a 22% increase from a year ago.

To ensure all its members are certified by the Indonesia Sustainable Palm Oil (ISPO) by the end of 2020, the Indonesian Palm Oil Producers Association (Gapki) will open a clinic to assist companies

United States Deputy Secretary of Agriculture, Stephen Lee Censky has said the US government is committed to lending support to ensure the African Continental Free Trade Agreement (AfCFTA) is a success.

Japan's trade minister Hiroshi Kajiyama will skip a ministerial meeting on an Asia-wide free trade deal later this week in Thailand to attend parliamentary deliberations, a Diet committee official said Wednesday.

INDOFOOD Agri Resources (IndoAgri) has sunk into the red with a net loss of 125.68 billion rupiah (S$12.2 million) for third quarter ended Sept 30, continuing to be adversely affected by weak commodity prices.

A Malaysian minister on Wednesday said a boycott of the country’s palm oil by Indian traders will likely not be prolonged, as there are not enough supplies from top producer Indonesia to cover the shortfall.

The palm oil industry is facing dual threats from its biggest buyers - India and Europe - but don't tell that to the traders chasing up prices on Bursa Derivatives Exchange.