infoSAWIT News

InfoSAWIT, MEDAN – According to the results from the pricing team for Fresh Fruit Bunches (TBS) of palm oil in North Sumatra for the period of January 6-14, 2025, the price for TBS from palm oil trees aged 10-20 years has decreased by Rp 35.25/kg, bringing the new price to Rp 3,561.74/kg.

InfoSAWIT, JAKARTA - The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was withdrawn with the highest offer at IDR 14,088/kg on Monday (January 6, 2025), marking a 1.55% decrease or a drop of approximately IDR 222/kg compared to the highest CPO price on Friday (January 3, 2025), which reached IDR 14,310/kg.

InfoSAWIT, JAKARTA - Since its establishment in early 2005, the Palm Oil Farmers Union (SPKS) has felt the lack of attention from stakeholders towards independent palm oil plantations. SPKS's concern over the low productivity of smallholder plantations, traditional management practices, inadequate agricultural technology development, weak bargaining positions of farmers, substandard plantation infrastructure, social conflicts, human rights violations, and significant environmental damage has driven the organization to fully commit to sustainable palm oil production.

InfoSAWIT, NEW DELHI - Indian households have experienced significant changes in their spending patterns over the past 12 years, shifting focus from food needs to non-food items. This was revealed in a recent analysis by the Reserve Bank of India (SBI).

InfoSAWIT, JAKARTA - Sub Holding PT Perkebunan Nusantara IV (PTPN IV PalmCo), part of the PTPN III (Persero) plantation holding, aims to generate additional income of USD 3.6 million or approximately IDR 54 billion this year through the sale of 120,000 metric tons of Roundtable on Sustainable Palm Oil (RSPO) certified Identity Preserved (IP) crude palm oil (CPO). This target is based on the operational areas of PTPN IV in Riau and North Sumatra.

InfoSAWIT, JAKARTA - Following the successful implementation of a 35% biodiesel blend, commonly referred to as B35, efforts are now underway to increase this to B40 by 2025. Edi Wibowo, Director of Bioenergy at the Directorate General of New Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources (ESDM), believes that the increase in biodiesel blending will proceed smoothly if the supply of raw materials is ensured.

InfoSAWIT, KUALA LUMPUR - Palm oil, once known as the cheapest vegetable oil in the world, has lost its position due to declining production in major producing countries and an oversupply of other vegetable oils. In November 2022, palm oil was sold at a discount of $782 per ton compared to soybean oil, but it now commands a rare premium price.

InfoSAWIT, ACEH TAMIANG – Hundreds of hectares of palm oil plantations in Aceh Tamiang Regency, managed by nine private companies, have reportedly not obtained the Indonesian Sustainable Palm Oil (ISPO) certification. This was revealed in a letter from the Directorate General of Plantations of the Indonesian Ministry of Agriculture, numbered B-491/KB/.410/E/06/2024, dated June 12, 2024.

InfoSAWIT, JAKARTA – The proposal to delay the European Union Deforestation Regulation (EUDR) has been seen as a breath of fresh air for palm oil stakeholders in producing countries, including Indonesia. This delay is believed to provide additional time to refine subsequent actions.

InfoSAWIT, NEW DELHI – India's Giant Palm Oil Plantation Program has successfully been implemented, with over 1.7 million palm seedlings planted across more than 12,000 hectares in 15 states since the initiative began on July 15, 2024. This program is part of the National Mission on Oil Palm – Palm Oil (NMEO-OP) and aims to benefit over 10,000 farmers nationwide.

InfoSAWIT, NEW DELHI - India's palm oil imports in December 2024 reached their lowest point in nine months. The surge in palm oil prices to a two-and-a-half-year high prompted processors to switch to cheaper soybean oil, according to five traders.

InfoSAWIT, JAKARTA - The ESDM Ministry is targeting the completion of regulations related to the implementation of the 40% biodiesel blend (B40) within this week. This was stated by Deputy Minister of ESDM, Yuliot Tanjung, after attending a coordination meeting on corruption prevention at the Attorney General's Office.

InfoSAWIT, JAKARTA - The Indonesian government has officially announced the implementation of a biodiesel blend of 40% palm oil-based biodiesel (B40) mixed with diesel fuel, effective January 1, 2025. This decision was made public by the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, during a press conference at the ESDM Ministry office in Jakarta on January 3.

InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) was withdrawn with the highest offer at Rp 14,310/kg on Friday, January 3, 2025. Consequently, the CPO price recorded an increase of 0.9%, or approximately Rp 132/kg, compared to the CPO price on Tuesday, December 24, 2024, which reached Rp 14,858/kg.

InfoSAWIT SINTANG – Kicking off 2025, a total of 93.61 tons of palm kernel meal was exported through the Badau Cross-Border Post (PLBN) with a value of approximately Rp 114 million. This export marks the initial step in a phased shipping plan until March 2025, with a total capacity of around 300 tons.

InfoSAWIT, KUALA LUMPUR – The soybean market begins 2025 on a positive trend, marked by rising prices across most contracts. Soybean futures have recorded a stable increase of up to 3 ½ cents per bushel. The national cash price for next month's contract, according to CmdtyView, rose by 1 ¼ cents to $9.56 per bushel.

InfoSAWIT, JAKARTA – President Prabowo Subianto's statement regarding the opening of palm oil plantations, which he claimed does not cause deforestation due to the presence of leaves, has sparked widespread criticism. This statement is considered to lack scientific basis, knowledge, and adequate research. Official government data shows otherwise.

InfoSAWIT, JAKARTA – Indonesia has yet to implement the mandatory 40% biodiesel blend, or B40, which was scheduled to take effect on January 1, 2025. This uncertainty regarding technical regulations has created confusion among traders and palm oil industry players.

InfoSAWIT, KUALA LUMPUR – The Malaysian Sustainable Palm Oil (MSPO) standard MS2530:2022, known as MSPO 2.0, officially came into effect on January 1, 2025. This new standard introduces stricter guidelines for sustainability, traceability, and ethical practices in palm oil production.

InfoSAWIT, JAMBI – According to the results from the price-setting team for Fresh Palm Fruit Bunches (TBS) in Jambi Province, the price for TBS from palm oil trees aged 10 to 20 years has been set at Rp 3,555.71 per kg for the period of January 3-9, 2025.