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After Indonesia Re-opened CPO Export, Malaysia Re-studied Export Tax Cut
Palmoilmagazine, KUALA LUMPUR – The Government of Malaysia still re-studied temporary export cut of crude palm oil, Friday (20/5/2022), President Joko Widodo officially revoked CPO export ban from Indonesia which once shocked the world.
Earlier this week CPO prices slightly increased
Palmoilmagazine, KUALA LUMPUR – Crude palm oil (CPO) price at Bursa Malaysia Derivative Exchange, Monday (23/5/2022) increased for other vegetable oil price did too. The traders were monitoring what Indonesia would do to fulfill its domestic market obligation (DMO).
Small Farmers in Riau Get Funds from PFMA
Palmoilmagazine, JAKARTA – Analyst of Plantation Counselor Sub Counselor Coordinator at Plantation Agency Riau Province, T Nuranizah Ibrahim SE said, the fund from Palm oil Plantation Fund Management Agency (PFMA) would be very helpful for the smallholders in Riau considering that the budget is limited that Riau Province allocated.
Independent Smallholders Must Form Groups, After CPO Export Ban Is Revoked
Palmoilmagazine, JAKARTA – Crude palm oil (CPO) and its derivative and palm cooking oil export ban was officially revoked and the exports effectively ran on Monday (23/5/2022). This is good news for every stakeholder in many provinces where palm oil plantations grow in Indonesia, namely in South Sumatera.
Erratic Policies Exacerbate Uncertainties in Palm Oil Industry
The pronouncement by the Coordinating Minister for Maritime and Investment Affairs early last week that audits of all palm oil companies in Indonesia are to be undertaken confirms that the government thus far has not owned a complete database on the upstream and downstream palm oil industry.
Support PT Hilton Duta Lestari, &Green Invest US$ 12 Million in Oil Palm Plantation
Palmoilmagazine, DEN HAAG - AndGreen.Fund (&Green) invested for about US$ 12 million in the form of loan facility for the next eight years at PT Hilton Duta Lestari (HDL) to develop mills and make inclusive palm oil supply base in West Kalimantan, Indonesia which should guarantee No Deforestation, No Peat, and No Exploitation (NDPE) principles.
Pushing More Expensive Processes, Palm Oil Sustainability Standards Keep Changing
Palmoilmagazine, KUALA LUMPUR – Malaysian Palm Oil Board (MPOB) mentioned, the stakeholders in the country are worried that the sustainability standards in palm oil plantation would keep changing and would be difficult to obey, namely by the smallholders. This happens for palm oil plantations in Malaysia always face sustainability aspects and negative accusations.
Astra Agro Receives Indonesia Most Acclaimed Companies Award for Digital Innovation
Palmoilmagazine, JAKARTA - PT. Astra Agro Lestari Tbk., got award again. Thanks to the innovation, the palm oil plantation company got Indonesia Most Acclaimed Companies Awards 2022. In the event conducted by a media, Astra Agro got the award in Digital Technology to Develop Business Ecosystem, in Agribusiness category.
Government Will Decide: DMO and DPO to Provide Palm Cooking Oil
Palmoilmagazine, JAKARTA – After President Joko Widodo revoked crude palm oil (CPO) and its derivative and palm cooking oil export ban, Thursday (19/5/2022), to follow up the policy, Friday (20/5/2022) Coordinator Ministry in Economy decided that for having bulk palm cooking oil supply that reached 211 thousand tons from monthly needs that reached 194 thousand tons, palm cooking oil export (12 HS) would be re-opened.
After CPO Export Is Re-opened, CPO Price in the Globe US$ 1.380/Ton
Palmoilmagazine, Jakarta – After President Joko Widodo revoked crude palm oil (CPO) and its derivative and palm cooking oil export ban in his virtual press conference (19/5/2022), Coordinator Ministry in Economy directly responded it by coordinating with Ministry of Trade and Ministry of Industry about 12 export products to be postponed. This has something to do with bulk palm cooking oil distribution.
CPO & Soyoil Price Got Cheaper
Palmoilmagazine, KUALA LUMPUR – Crude palm oil (CPO) price at Bursa Malaysia Derivative Exchange decreased, Thursday, (19/5/2022) because soyoil price did too and the report about the United Nations (UN) which would recover vegetable oil distribution from Ukraine.
Export Ban Lifted: IPOA Supports Bulk Palm Cooking Oil Supply
Palmoilmagazine, JAKARTA – After President Joko Widodo revoked crude palm oil (CPO) and its derivative and palm cooking oil export ban, Thursday (19/5/2022), Indonesian Palm Oil Association (IPOA) thanked and appreciated him. This would be the sustainability in palm oil industries nationally.
Urgent! The Mills Do not Need Government’s Subsidy
Palmoilmagazine, JAKARTA – Crude palm oil (CPO) production in Indonesia in 2021 reached more than 47 million tons. If assumed, fresh fruit bunch (FFB) produced by PT Perkebunan Nusantara (PTPN) reached 4% of the total production, it can be used to produce palm cooking oil for the needs in this nation.
Decreased IDR 239.71/Kg : North Sumatra FFB 18 - 24 May 2022
Pamolimagazine, MEDAN – According to Fresh Fruit Bunch (FFB) Team of North Sumatera Utara Province on 18 – 24 May 2022, it is decided that the 10 - 20 year old FFB is cheaper Rp 239,71/Kg to be Rp 2.860,63/Kg.
Indonesia's CPO Export Volume in March Drops 80,000 Tons: Stocks Increase
Pamolimagazine, JAKARTA – According to Indonesian Palm Oil Association (IPOA), crude palm oil (CPO) export value in March 2022 reached US$ 3,5 billion or increased US$ 713 million from February 2022 which reached US$ 2,7 billion in the same period.
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