Bisnis.com, JAKARTA – Crude palm oil (CPO) products and their derivatives will receive an ‘extension of time’ to enjoy import duty incentives for exports to India. This certainly provides additional fresh air for these plantation commodities, after prices were depressed in 2023. As reported by Reuters, Tuesday (16/1/2024), the Indian Government is said to be … Read more
Jakarta – Holding Perkebunan Nusantara supports the establishment of a domestic futures exchange as a reference price for Indonesian crude palm oil (CPO), which is being launched by the Government through the Ministry of Trade. This was conveyed by the Marketing Director of PTPN III (Persero) Nusantara Plantation Holding, Dwi Sutoro, when he was a … Read more
Jakarta – The Indonesian Palm Oil Council (DMSI) said that currently exports of crude palm oil (CPO) were minimal due to falling demand from abroad. The Acting Chairman of the Indonesian Palm Oil Council, Sahat Sinaga, revealed that the slowdown in exports had caused a buildup of CPO in the country. The amount of CPO … Read more
Jakarta, CNBC Indonesia – Export of palm oil (crude palm oil/CPO) reached 25 million tonnes. One of the biggest export destinations is Russia. Data from the Central Statistics Agency (BPS) shows that in terms of volume, Indonesia’s CPO exports in 2022 will decline by 2.4% to 25.01 million tons. In contrast, in terms of value, … Read more
Jakarta, CNBC Indonesia – The Indonesian government is very persistent in moving forward with the biodiesel program that has been running since 2016. In fact, the country is expected to save Rp 330 trillion in foreign exchange. As is known, Indonesia depends heavily on imported crude oil to meet its domestic fuel needs. However, since … Read more