Jakarta, CNBC Indonesia – The price of crude palm oil (CPO) was observed to weaken 0.48% at the level of RM 6,369/ton for three-month futures contracts on the Bursa Malaysia Derivative Exchange. The price of CPO had penetrated RM 7,000/ton. At that time, the Indonesian government banned the export of CPO because of the very … Read more
Jakarta, CNN Indonesia — Policy export ban CPO and raw materials cooking oil which has been enforced for almost the last two weeks, arguably has not been fruitful. Look, the price of cooking oil, both traditional markets and modern retail is still priced quite high. After all, even if the price is a bit slanted, … Read more
Jakarta, CNBC Indonesia – The cooking oil drama isn’t over yet. The price of crude palm oil (CPO) as a raw material for making cooking oil rose again. In fact, the price had experienced a sharp correction last week. Last week, CPO prices fell sharply as much as 9.91% and became the worst weekly correction … Read more
Jakarta, CNBC Indonesia – Crude palm oil price (Crude Palm Oil/CPO) edged up in the opening session of trading today, Monday (9/5/2022), after a sharp correction last week. What caused it? Referring to data from Refinitiv, at 09:46 WIB, the price of CPO was priced at MYR 6,469ton or a slight increase of 0.83%. Last … Read more
Jakarta, CNN Indonesia — Director of the Center of Economics and Law Studies (CELIOS) Bhima Yudhistira said Malaysia controlled 84 percent of exports of crude palm oil (CPO).CPO) after the implementation of the ban on Indonesian CPO exports. Malaysia previously had a share of about 27 percent of the world’s total CPO production or had … Read more
Jakarta, CNN Indonesia — Indonesian Farmers Union reports palm oil sales results ahead of Eid which ends up losing money due to the export ban CPO implemented by President Joko Widodo (Jokowi). “Towards Eid yesterday, farmers who hoped for a good price, actually destroyed the price because they could only be sold for half the … Read more
Jakarta, CNN Indonesia — President Joko Widodo (Jokowi) issued an export ban CPO and cooking oil. This was aimed at lowering the price of cooking oil and hoisting its stock which was scarce. The policy was released on Thursday (28/4), after a row of assistant ministers was judged to have failed to reduce the price … Read more
Jakarta, CNBC Indonesia – The price of crude palm oil (CPO) fell in today’s trading. On Thursday (5/5) at 11:15 WIB, the price of CPO on the Malaysian stock exchange plunged 3.7% to a level of RM 6,841 per tonne. The drop in CPO prices is the opposite of what happened last week. As is … Read more
Jakarta, CNN Indonesia — It has been almost a week since President Joko Widodo (Jokowi) officially banned exports CPO since last Thursday (28/4). However, international CPO prices have not jumped ‘exorbitantly’ as expected. In fact, Indonesia is the number one CPO producer in the world. Quoting Trading Economics, on Friday trading (29/4), CPO prices rose … Read more
Jakarta – President Joko Widodo (Jokowi) has implemented a ban on the export of cooking oil and its raw materials. The policy is effective from Thursday (28/4/2022) until an undetermined time limit. The export ban includes, among others, crude palm oil (CPO), RPO, RBD Palm Olein, POME and Used Cooking Oil. When will Jokowi lift … Read more