infoSAWIT News

NEW DELHI – Extending the time for increases prices in last three days, crude palm oil (CPO) rose by 0.75% to Rs 427.40 per 10kg in futures trade on Wednesday  (24/12/2014)  due to the speculators enlarged position in global trend.

  JAKARTA – Central Bureau of Statistic reported, on Tuesday (23/12/2014), palm oil plantation’ average of production costs per hectare reaches Rp9.7 million (57.05% from the total of production costs).

BANDA ACEH – To date, there are 129 big companies ehich are managing 380,000 hectares palm oil plantation areas in Aceh. Besides, other thousands hectares managed by the people. These stated by Aceh Governor, Zaini Abdullah.

TANJUNG – Palm oil – cattle beef integration program held by Crops, Livestock and Fisheries Agency of Tabalong Regency, South Borneo Province, achieves autonomy award 2014 held by The Jawa Post Institute or Pro Otonomi (JPIP).

BANJARBARU - Assistant I of Provincial Secretary of South Borneo, Suharjo said, palm oil giving a big contribution for South Borneo to boost it economy either in increasing competition by plantation sector.

KOTAPINANG - Headman of Aek Gotik Village  of Silangkitang District, Sout LAbuhan Batu Regency, North Sumatera Province,  Ahmad Rozali Siregar stated, in his village dince the declining of rubber and palm oil price, many of  local people met Safeguard Consumer Conflict Agency (SCCA) due to the bad credit in banking.

PETALING JAYA - Sarawak Oil Palms Bhd (SOPB) has aborted the deal to acquire 60% stake in DD Pelita Sebungan Plantation Sdn Bhd and Mutiara Pelita Genaan Plantation Sdn Bhd from Double Dinasty Sdn Bhd and Mutiara Hartabumi Sdn Bhd (MHSB) as RM 134.9 million amount values.

JAKARTA – A palm oil company, Asian Agri, through it subsidiary company, PT Inti Indosawit Subur, expects crude palm oil (CPO) production in 2015 will stable in approximately 1 million tons. This as the effort of the company to focuses on increasing the plantation productivity rather than expanse the plantation areas.

JAKARTA – A palm oil plantation company, PT Sawit Sumbermas Sarana Tbk (SSMS) estimates net income of the company in 2014 or ended by December 31, grows by 16.4% compared by last year.

PADANG – Until the end of 2014, palm oil production in West Sumatera Province estimates will reaches 1.2 million tons. It was delivered by Head Agency of Agriculture of West Sumatera, Fajaruddin, on Monday (22/12/2014).

KUALA LUMPUR – Palm oil exports from Malaysia, the world’s largest producer after Indonesia, will remain duty-free for a six month as the government seeks to boost shipments and reduce inventories to support prices.

KUALA LUMPUR – Palm oil output in Malaysia, the biggest producer after Indonesia, will probably drop the most in 10 months in December amid a seasonal decline in yields.

KUALA LUMPUR – The fall in the share price of Felda Global Ventures Holdings Bhd (FGV) by almost half from its offer price is due to the global decline in the prices of palm oil. This stated by Deputy Minister in the Prime Minister’s Department, Datuk razali Ibrahim.

NEW DELHI – Amid rising domestic demand, crude palm oil (CPO) prices rose by 0.49 percent to Rs431.30 per 10kg in futures trade on Tuesday (23/12/2014) as speculators enlarged positions.

UNITED KINGDOM – According to the latest from the government’s Department for Environment, Food and Rural Affairs (Defra), consumption of sustainable palm oil in UK has increased for the fifth year running.

MEDAN – Central Bureau of Statistics of North Sumatera, on Monday (22/12/2014) reported, foreign exchange of North Sumatera from India down by 32.17% due to the lower of crde palm oil (CPO) export and its derivatives and other commodities.

KUALA LUMPUR – A senior government official said on Friday (19/12/2014), Malaysia will keep exports of crude palm oil duty-free until end-February.

NEW DELHI – Crude palm oil prices were higher by 0.36% to Rs 419.10 per 10 kg in futures trading on Monday (22/12/2014) as speculators indulged in creating positions, supported by pick up in demand in the spot market.

JAKARTA – Analyst of Sucorinvest Central Gani, Andy Wibowo Gunawan, predicts the revenue of palm oil company, PT Sampoerna Agro Tbk (SGRO), until the end of 2014 will increases into Rp 3.07 Trillion and will re-increases to Rp 4.07 Trillion in 2015.

NIGERIA – The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) called on the Federal Government to reconsider the ECOWAS CET document and revise the tariff on other palm oil products in line with others whose tariff are clearly stated.