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Bio Energy Could Boost CPO Prices



Bio Energy Could Boost CPO Prices

PONTIANAK – The weaker of CPO prices in export market expected to fade by the use of renewable energy from vegetable oil, mainly for Crude Palm Oil (CPO).

Moreover, said Chairman of Association of Indonesian Palm Oil Companies (GAPKI), Joefly J Bachroeny, Wednesday (29/10/2014), nowadays Indonesia were noted as the biggest CPO producer in the world. Besides, this sector also as one of Indonesia’s economic power. So Indonesian government is expected to be consistent with this vegetative energy program.

According to Joefly, the descent of agriculture surplus caused by the weaker of CPO prices in world market. But, to increasing the price of the commodity, he said, cannot be done as necessarily. “One of the way, to boosting the price by the consistency of applying the regulation about bio-energy of palm oil, by using biodiesel and biofuel, he explained, as written by Antara. (T3)


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