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President Joko Widodo Officially Lifts Palm Cooking Oil Export Ban Next Monday

Palmoilmagazine, JAKARTA – After crude palm oil (CPO) and its derivative and palm cooking oil export ban runs for three weeks, the smallholders get the impacts from their cheap selling price of fresh fruit bunch (FFB), and the mills could not buy smallholders’ FFB, President Joko Widodo finally re-opens CPO export by saying that the supply gets more and more.

 

The Worst History for Palm Oil Industries in Indonesia

Palmoilmagazine, JAKARTA – When the fertilizers and pesticides get more and more expensive, crude palm oil (CPO) and its derivative products do too. All of a sudden, CPO and its derivative products are banned to export by saying, to get palm cooking oil abundant and it should be sold at Rp 14.000/liter. “It really hits smallholders,” an independent smallholder from North Sumatera, Soaduon Sitorus recently said to PalmOil Magz.

 

Inflation 0.19% in April 2022 due to Palm Cooking Oil

Palmoilmagazine, JAKARTA – Palm cooking oil which was rare to get in April 2022 delivered inflation for about 0,19%, and so was gasoline.

 

Strengthening National Energy Sovereignty with Biodiesel

Palmoilmagazine, JAKARTA – Biodiesel use namely in palm oil – base has the strategic roles in fossil energy policy transition to the renewable one. Just like the government’s support, biodiesel consumption positively developed in the past decade.

 

Increasing Smallholder Productivity by Developing Human Resources

Palmoilmagazine JAKARTA – Human Resources (HR) Development is one program to do in Palm Oil Plantation Fund Management Agency (PFMA). This is about to escalate plantation productivity to get 2030 crude palm oil (CPO) target production which should be 67 tons per year.

 

Fulfilling People’s Needs, Palm Cooking Oil Logistics Network must be improved

Palmoilmagazine, JAKARTA - The Government of Indonesia should notice that CPO and its derivatives play important roles for the world and Indonesia. That is why palm cooking oil from Indonesia should be regulated tightly within major priority on the needs in Indonesia.

 

This is the Reason Palm Cooking Oil Prices are Expensive

Palmoilmagazine, JAKARTA – Chairman of Keluarga Alumni Institut Pertanian (KAINSTIPER), Priyanto PS said, the expensive CPO in the globe delivered distortion in many palm oil plantations, such as, the increasing price of production infrastructures, vegetable fuel which increased CPO production cost. In short, every increasing CPO price in the world, it increases CPO production costs in Indonesia.

 

Factory Not Operating Due to CPO Export Ban, Smallholders Suffer

Palmoilmagazine, JAKARTA - As the biggest CPO producer in the world, the market needs in the globe would be fulfilled by sustainable producers in many palm oil plantations, namely the smallholders which their lives depend on their harvests. The process is that smallholders’ FFB should be in harvest in every single day, then sold to the mills, and the outcome should be put in CPO storage tanks. These are daily process and the result should be sold to palm cooking oil factories and CPO traders to be exported.

 

Smallholders Under Pressure for FFB Prices

Palmoilmagazine, JAKARTA – Since 22 April 2022, the smallholders’ fresh fruit bunch (FFB) has been in fluctuation and decreasing.

 

RSPO - ISPO Synergy Promotes Sustainable Palm Oil Implementation for Smallholders

Palmoilmagazine, JAKARTA – Multi-stakeholder institution - Roundtable on Sustainable Palm Oil (RSPO), Provincial Government of Jambi, district governments, and local organization agreed to get memorandum of understanding (MoU) to escalate smallholders’ inclusion in sustainable ecosystem through Indonesian Sustainable Palm Oil (ISPO) certificate scheme.

 

Cheaper IDR 972.29/Kg Following are the FFB prices in Riau on 11-18 May 2022

Palmoilmagazine, PEKANBARU — According to Fresh Fruit Bunch and FFB Documents of Riau Province Number 18 on 11 - 18 May 2022, it is decided that the 10 - 20 year old FFB is getting cheaper Rp 972,29/Kg to be Rp 2.947,58/Kg.

 

CPO Selling Price Drops US$ 183/ton, Palm Cooking Oil Stock Available

Palmoilmagazine, JAKARTA – After President Joko Widodo banned crude palm oil (CPO) and its derivative export by the late of April 2022, CPO price at Malaysia Exchange once increased to be RM 7.104/ton. This was a shock for the traders after the decision.

 

Globally CPO Prices Start Cheaper

Palmoilmagazine, JAKARTA – After President Joko Widodo banned crude palm oil (CPO) and its derivative export in the late of April, palm cooking oil is available and easily got in many markets in Indonesia though the packaged one is still expensive. The people are not difficult to buy it and the bulk one is enough in the society.

 

Malaysian CPO Exchange Slightly Increases

Palmoilmagazine, KUALA LUMPUR – Crude palm oil (CPO) price at Bursa Malaysia Derivative Exchange slightly increased on Monday (9/5/2022) after it was decreasing last week for the increasing stock prediction in April 2022 and postponed the increasing price.

 

The European Union will be Filled with Palm Oil Supply, Malaysia is Ready!

Palmoilmagazine, KUALA LUMPUR – The second biggest palm oil producer in the world, Malaysia, on Friday claimed, the country planned to advantage the lack of vegetable oil in the globe and ‘political tension’ in Europe to get palm oil markets after many consumers avoided the commodity for demanding environmental issues.

 

China Developed Palm Oil

Palmoilmagazine, HAINAN - According to the article written by Jiang Yifan from Chinadialogue, in the past few decades, China, as a matter of fact, did many things to develop palm oil plantations as parts of their production to get much more vegetable oil by their own power, including to fulfill the material to produce biofuel.

India Plans to Stop Importing Palm Cooking Oil

Palmoilmagazine, MUMBAI - India planned to cut off some vegetable oil taxes to get cheaper price in its domestic markets after the war in Ukraine and Indonesia’s palm oil export ban which made expensive vegetable oil price.

 

MPOC Prediction: Palm Oil Demand in India Will Decline in 2022

Palmoilmagazine, KUALA LUMPUR - Malaysian Palm Oil Council (MPOC) predicted, crude palm oil (CPO) imports in India would be less than those in 2022 for the expensive CPO. Besides vegetable oil production in India could be higher and its tax supports soybean oil (SBO).

 

Improvement of Palm Oil Governance by the government

Palmoilmagazine, JAKARTA - Three years ago, the government agreed to publish (a regulation) to fulfill its commitment to get sustainable palm oil plantation development, as the evidence that the Government of Indonesia never ignores environmental issues.

 

1000 Students Will Get PFMA Scholarship 2022

Palmoilmagazine, JAKARTA – In 2022 Palm Oil Plantation Fund Management Agency (PFMA) targeted that there would be 1.000 students to get scholarship. The socialization would be running in May 2022 in the same time of the high student graduation day. It is hoped, there would be more candidates to get it. Six universities where the students studied, should do socialization namely where the students are from. Based on the money to AKPY and PT LPP Agro Nusantara, some conditions should be substituted for the students were difficult to register their names (to get the tests and to study).