India Extends Import Duty Incentives for Palm Oil and Derivatives Until March 2025

India Extends Import Duty Incentives for Palm Oil and Derivatives Until March 2025

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

RI Will Have Its Own CPO Price Reference, Plantation Holding Says Fortunately

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

FYI! Indonesia Exports 600 Thousand Tons of CPO to Russia

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

tops! Jokowi program saves RI IDR 330 trillion!

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

Palm oil manager who is affected individual, sure …, CPO drops 8% in a week

Jakarta, CNBC Indonesia – earth palm oil prices (Uncooked palm oil/ CPO) has been overshadowed by detrimental sentiment during this week. In this weekend’s trading session, Friday’s CPO price ranges (9/9/2022) closed 1.5% increased than the previous day at RM 3,594 per tonne, ending a 10-day streak of losses. In the meantime, CPO fell 8.2% … Read more

Master of Debauchery! Palm Oil Prices skyrocket by almost 16% this week

Jakarta, CNBC Indonesia – The price of crude palm oil (Crude Palm Oil/CPO) shot up this week. CPO prices are back above MYR 4,000/ton. Throughout this week, the price of CPO on Bursa Malaysia skyrocketed 15.79% point-to-point. Much higher than the previous week’s increase of 3.23%. This week, CPO prices posted a fourth straight day … Read more

Good news! Luhut wants to make CPO prices skyrocket again

Jakarta, CNBC Indonesia – Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut B Pandjaitan the government will boost the absorption of palm oil in the country. Namely, by increasing the application of palm oil consumption for fuel, biodiesel from B30 to B35/B40. According to Luhut, this step could be a way to boost … Read more