MUMBAI: India’s palm oil imports surged to their highest in four months in December, driven by increased purchases of refined palmolein due to competitive prices, a leading trade body said on Friday. Higher purchases by the world’s biggest importer of vegetable oils could help lower palm oil stocks in top producers Indonesia and Malaysia and support…
The reference price would keep the CPO export tax and export levy at $18 per ton and $75 per ton respectively. The decree officially stating the reference price has not been made public yet. Indonesia will also impose a new tax on e-cigarettes from Jan. 1, adding to an excise tax to help curb vaping,…
JAKARTA (ANN/THE JAKARTA POST) – Indonesia has navigated a commendable economic trajectory this year, defying the challenges posed by the waning commodity boom that cast a shadow on exports, a crucial driver of gross domestic product (GDP) growth in the preceding year. Despite a decline in exports, which contributed significantly to the 16.28 per cent…
PT Sari Lembah Subur collaborates with high school students in Pangkalan Lesung and Kerumutan districts as Sustainability Ambassadors. PT Sari Lembah Subur held a Sustainability Ambassador training with the theme “Becoming a generation that cares about the environment” which was attended by 16 students from SMA N 1 Pangkalan Lesung, SMA N 1 Kerumutan, SMK…
JAKARTA, investor.id – The price of Crude Palm Oil (CPO) contracts on the Bursa Malaysia Derivatives (BMD) rose again on Wednesday (20/12/2023). Thus, extending the strengthening of three consecutive days. Based on BMD data at the close of Wednesday (20/12/2023), the CPO futures contract for January 2024 rose 18 Malaysian Ringgit to 3,719 Malaysian Ringgit…
Jakarta (ANTARA) – Deputy State-Owned Enterprises (SOEs) Minister, Kartika Wirjoatmodjo, said that Indonesia’s economic policy in 2024 is heading towards pro-growth, from maintaining recovery stability. “In future, we are heading towards a pro-growth economic policy to encourage investment and provide sufficient liquidity to the market,” he stated at the National Economic Outlook Seminar in Jakarta…
The Indonesian Palm Oil Association (Gapki) recorded that crude palm oil (CPO) production in October 2023 reached 4,523,000 tons, up 9.2% (month-to-month) from September 2023 production of 4,143,000 tons. In addition, palm kernel oil (PKO) production also rose 9.1% (mtm) from 394,000 tons in September 2023 to 430,000 tons in October 2023. “Total domestic consumption…
NEW DELHI (Dec 20): Malaysian palm oil futures rose on Wednesday, a day after Brazil decided to raise its mandatory biodiesel mix into diesel. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained RM20 or 0.51%, to RM3,775. It had risen 0.3% on Tuesday. Brazil’s energy policy council CNPE on Tuesday decided to…
“No Palm Oil, No Life,” said Eddy Abdurrachman, President Director of the Palm Oil Plantation Fund Management Agency (BPDPKS) in early November in Bali. That sentence, according to Eddy, is very relevant to the fact that palm oil is the most versatile vegetable oil in the world. Eddy said that palm oil is the most…
RADARPEKANBARU- PT Sari Lembah Subur (SLS) held its second blood donation event in 2023. This activity is one of a series of Action Plans in order to realize the sense of concern of employees to others. This blood donor activity was held at PT. Sari Lembah Subur Polibun on Friday, December 8, 2023, this activity…
Palu (ANTARA News) – The success of residents of 14 villages in Rio Pakava Subdistrict, Donggala Regency through oil palm cultivation cannot be separated from the resilience of residents in facing the twists and turns of life and development in the largest and most remote sub-district in Central Sulawesi. In 1991, Rio Pakava was just…
Jakarta. Swedish Ambassador to Indonesia Daniel Blockert recently said that Stockholm would like to import more goods from Jakarta. Indonesia mainly exports goods such as palm oil and leather footwear to Sweden, according to the Observatory of Economic Complexity (OEC). Trade Ministry data shows that Indonesia is importing more than it exports to Sweden, putting Jakarta…
PT Astra Agro Lestari Tbk recorded a stable performance throughout 2023. The company achieved positive production growth. Despite its plantations reaching maturity, the company was able to increase its production by around 4%, compared to the previous year. The company faced challenges due to fluctuations in palm oil prices, which ultimately affected profitability. However, PT…
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PETALING JAYA: Palm oil stockpiles in Malaysia likely expanded for a seventh straight month to the highest level since April 2019 as production in the world’s second-biggest grower outstripped its exports of the tropical oil. Inventories rose about 1.2% in November from a month earlier to 2.48 million tonnes, according to the median of 11 estimates in…
JAKARTA. Santosa, President Director of PT Astra Agro Lestari Tbk (AALI) was awarded the Best CEO in Agriculture (Plantation and Crops) by Tempo.co and IDNFinancials.com. The awarding night took place at the Sofitel Hotel, Nusa Dua Resort, Bali last weekend. Santosa received this award because he succeeded in bringing the company to continued growth thanks…
STIPER Institute of Agriculture known as INSTIPER Yogyakarta held the Palm Oil Smart Planters 2023 Award Night at the Royal Ambarukmo Hotel Yogyakarta. This event is a series of the Indonesian Palm Oil Forum (FoSI) 2023 which took place November 23-24, 2023 at Graha Instiper, Yogyakarta. Director of the Instiper Palm Oil Science Center (PSKS-…
JAKARTA, SAWIT INDONESIA – The Indonesian Palm Oil Producers Association (Gapki) issued an appeal to palm oil mills not to buy looted or stolen palm oil. The letter, issued on November 29, 2023, contained two points and was signed by General Chairman Eddy Martono and General Secretary M. Hadi Sugeng. The letter first emphasized that…
PT Astra Agro Lestari Tbk (AALI) will boost its production next year. AALI is targeting production growth, both fresh fruit bunches (FFB) and crude palm oil (CPO), of 5% in 2024. AALI Communications and Investor Relations Manager Fenny Sofyan said that palm oil crops are highly influenced by weather conditions. Meanwhile, the El Nino in…
KUALA LUMPUR (Nov 30): The palm oil market is expected to show a slightly positive price trend going into 2024, ranging between RM3,700 and RM4,100 per tonne, as it recovers from substantial selling pressure as witnessed in sunflower oil over the past few months. According to Malaysian Rating Corp Bhd (MARC), seasonal production trends, hotter climate…
