Note! Malaysia will no longer regulate the price of Indonesian palm oil starting June 2023

Note!  Malaysia will no longer regulate the price of Indonesian palm oil starting June 2023

Jakarta – Indonesia plans to establish its own reference price for oil palm raw (crude palm oil/CPO). Trade Minister Zulkifli Hasan alias Zulhas ordered the Commodity Futures Trading Supervisory Body (Bappebti) to immediately establish the oil palm exchange. Zulhas explained that the plan was pushed because Indonesia is the largest producer of CPO in the … Read more

Commerce Secretary Concerned Over RI Data on Rice Surplus: What’s the Basis?

Commerce Secretary Concerned Over RI Data on Rice Surplus: What’s the Basis?

Jakarta – Some time ago the government finally signed a contract to import rice from Vietnam to Thailand after 3 years of import fasting. This is done to satisfy government rice reserves (CBP). However, Commerce Minister Zulkifli Hasan opposed the rice import policy. This is because the agriculture minister said Indonesia has a rice surplus. … Read more