Palm Oil News – KPBN CPO Price Tender July 11, 2022, Set to Increase to Rp 7,470/Kg

InfoSAWIT, JAKARTA – Tender price of crude palm oil (CPO) at PT. On Monday (11/7/2022) there was an increase in the price of CPO to Rp 7,470/kg. When compared to the CPO price tander last Friday (8/7/2022) which only reached Rp 7,288/kg, it means that there was an increase of around Rp 182/kg. Meanwhile, from … Read more

Palm Oil News – Here are some directives from Coordinating Minister Luhut, to Increase Palm Oil FFB Prices

InfoSAWIT, JAKARTA – In the Coordinator Meeting (Rakor), the Ministry of Maritime Affairs and Investment (Kemenko Marvest), concluded several steps that the government will take in an effort to normalize the price of Oil Palm Fresh Fruit Bunches (FFB). In the coordination meeting, it was agreed that several steps would be taken by the government, … Read more

Palm Oil News – DPR Pushes Export Duties and Export Levies to be Temporarily Stopped, To Raise Palm Oil FFB Prices

InfoSAWIT, JAKARTA – The declining price of Oil Palm Fresh Fruit Bunches (FFB) has hit the economy of people in Indonesia whose livelihoods depend on palm oil commodities. Therefore, a number of independent oil palm farmers who are members of the Oil Palm Farmers Union from several regions in Indonesia, namely Sumatra and Kalimantan, had … Read more

Palm Oil News – 130 Palm Oil Companies Registered at SIMIRAH 2

InfoSAWIT, JAKARTA – As of July 1, 2022, 130 companies have registered to the Bulk Cooking Oil Information System (SIMIRAH) 2.0. From the official statement received by the Ministry of Industry, InfoSAWITSunday (3/7/2022), it was stated that of the total there were 51 crude palm oil (MSM/CPO) producers and 79 palm cooking oil (MGS) producers. … Read more

Farmers & Palm Oil Mills Start ‘Screaming’, this is the culprit

Jakarta, CNBC Indonesia – Oil palm farmers complain that the price of fresh fruit bunches (FFB) is still dropping. The Palm Oil Farmers Union (SPKS) released that the price of FFB due to the domino effect of the ban on the export of CPO and its derivatives on April 28-May 22, 2022 fell to below … Read more

Palm Oil News – Aspectpir’s Request Requests Permit to Export Palm Oil FFB to Malaysia instead of Cans

InfoSAWIT, JAKARTA – The chairman of the DPD I Association of North Sumatran Palm Oil Palm Farmers (Aspek-PIR), Syarifudin Sirait, admitted that he had spoken to all administrators throughout Indonesia so that Aspect-PIR would seek to export fresh fruit bunches (FFB) of palm oil to Malaysia. This was done because the price of palm FFB … Read more

Palm Oil News – Palm Cooking Oil Policy, Impact on April 2022 CPO Export Volume

InfoSAWIT, JAKARTA – The government’s focus on increasing the supply of palm cooking oil in the country has an impact on the quantity of exports of palm oil derivative products from Indonesia in the period of April 2022. Executive Director of the Indonesian Palm Oil Association (GAPKI), Mukti Sardjono, in an official statement received InfoSAWITThursday … Read more

Oil Palm Farmers Shout, Prices Drop & Hundreds of Factories Open and Close

Jakarta, CNBC Indonesia – Oil palm farmers shouted again asking President Joko Widodo (Jokowi) to review policies related to palm oil in the country. The reason is, the policy is considered like a simalakama that suppresses oil palm farmers. According to the DPP Chairperson of the Indonesian Oil Palm Farmers Association (APKASINDO) Gulat ME Manurung, … Read more

Palm Oil News – Palm Oil Prices Drop again, After Indonesia Starts Export Activities

InfoSAWIT, KUALA LUMPUR – The price of palm oil on the Malaysia Futures Exchange on Wednesday (15/6/2022) fell to its lowest level in more than two months, while other vegetable oils also experienced a decline in prices, in addition to the anticipation that demand would shift to Indonesia due to the start of increasing export … Read more

Palm Oil News – Export Approval Reaches 302 Thousand Tons of Palm Oil, Expects Palm Oil FFB Price to be Rp 2,500/Kg

InfoSAWIT, JAKARTA – In order to ensure that the domestic supply of palm cooking oil is safe, the government has again implemented a policy Domestic Market Obligaton (DMO0 and assignment Domestic Price Obligation (DPO). In this application, every business actor who wants to export must prepare 20% for the supply of DMO. As of June … Read more