infoSAWIT News

InfoSAWIT, JAKARTA – Reference price of crude palm oil (CPO) to decide out fee (OF) and tariff on Palm Oil Plantation Fund Management Agency (PFMA) or known as levy in July 2024 would be US$ 800,75/metric ton (MT). The numbers got escalated US$ 21,93 or 2,82 percent from June 2024 that were US$ 778,82/MT.

InfoSAWIT, PALANGKARAYA – To develop good, sustainable, and competitive palm oil plantations, it would obey some regulations and policies, such as, business rights and people’s plantation development facilities or fasilitasi pembangunan kebun masyarakat (FPKM). According to Laws Number 39 / 2014 about Plantations, the companies that got plantation business permit (PBP) should facilitate the people’s plantation development that reached 20 (twenty) percent from the PBP.

InfoSAWIT, JAKARTA – Palm oil plantations in Indonesia have been mastered by foreign investors. This information is still not clear. The most optimistic numbers said, the plantations laid on 3 million hectares, some said, the plantations laid on 2 million hectares. In 2006, the investment of Malaysia in Indonesia’ palm oil plantations reached Rp 3,2 trillion with the plantation mastery laying on 800.000 hectares or 14,5% of the total palm oil plantations nationally.

InfoSAWIT, JAKARTA – There would be values when cultivation palm oil plantations. If the asset has has higher values, but it is not being taken care or ignored, one thing for sure, palm oil plantation companies or smallholders that cultivate the plantations would not be successful and not highly having profits.

InfoSAWIT, PALANGKARAYA – The 7^th Borneo Forum was officially inaugurated by Minister of Agrarian Affairs/National Land Agency (MAF/NLA), Agus Harimurti Yudhoyono (AHY). In his speech, AHY said that to realize the people’s welfare, it would not the responsibility and work of the government only but also of every element, including the business.

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 12.856/kg,on Friday (28/6/2024). It meant to get increased Rp 138/kg or about 0,77% compared to Thursday (27/6/2024) tender that was Rp 12.718/kg.

InfoSAWIT, PALANGKARAYA – University of Palangka Raya (UPR) in cooperation with Indonesian Palm Oil Association (IPOA) Central Kalimantan Province conducted public lecture on Thursday (27/6/2024) at the Faculty of Agriculture. It was discussing palm oil prospects and challenges as the sustainable mainstay and resource.

InfoSAWIT, SORONG – PT Putera Manunggal Perkasa (PMP) and PT Permata Putera Mandiri (PPM), two subsidiaries of PT Austindo Nusantara Jaya Tbk. (ANJ) that operate in Sorong Selatan and Maybrat, signed memorandum of understanding (MoU) with Employment Insurance Agency. It would be about to change the clinics in PMP and PPM to be the center of work health services for the labors in the region.

InfoSAWIT, SIMALUNGUN – Nine delegations from some countries, including general consulates and honorary consul, visited Sei Mangkei Special Economic Zone (SEZ) in Regency of Simalungun, North Sumatera Province, Wednesday (26/6/2024). The visit was about to get deeper information about potential investments in Sei Mangkei SEZ and Medan Industrial Zone.

InfoSAWIT, JAMBI – According to Fresh Fruit Bunch (FFB) Team of Jambi Province on 28 June – 4 July 2024, the 10 – 20 year old FFB is getting better Rp 16,69/Kg to be Rp 2.883,08/Kg.

InfoSAWIT, JAKARTA – When the nation and the globe try to realize sustainability, the local initiative might be put aside, not getting much support to escalate the capacity and alternative financing. Local scale - civil organization should be the significant actor that got lack of attention like global scale – actors (organizations).

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 12.758/kg but in withdraw (WD) with the highest bid Rp. 12.718/kg on Thursday (27/6/2024). It meant to get cheaper Rp 32/kg or about 0,06% to Wednesday (26/6/2024) tender that was Rp 12.750/kg.

InfoSAWIT, JAKARTA – The elected President Prabowo Subianto decided the ambitious target to realize environmental fuel in the form of palm oil biodiesel program (B100) even though there is controversy about it. This could be the strong reinforcement to the mainstay program in Ministry of Agriculture that once stopped but would potentially deliver impacts for the economy and environment and mainstay for Indonesia in international scale – trade, namely, to fight European Union (EU). The program would massively and potentially escalate the revenue, smallholders, and companies’ income.

InfoSAWIT, JAKARTA - Commission VI Indonesian Legislators that deals with industries, investment, and business competition did hearing with PT Perkebunan Nusantara (PTPN) III (Holding Perkebunan) and PT Perhutani on Tuesday (25/6/2024). In the event, one member of Commission VI, Rieke Diah Pitaloka discussed about portion of fund in Palm Oil Plantation Fund Management Agency (PFMA) that tended to pay the gap price in palm oil biodiesel.

InfoSAWIT, JAMBI - Balai Penerapan Standar Instrumen Pertanian (BPSIP) Jambi Province encouraged smallholders to understand that Indonesian National Standard (INS) would be important that has been regulated in the Government’s Regulation Number 102 / 2000 about National Standardization, namely about palm oil seeds.

InfoSAWIT, BOGOR – In the recent days, City of Bogor was the host for an important event. It involved 36 participants from 17 like - minded countries (LMCs). They gathered to share the best practices in Capacity Building and Escalating Sustainable Palm Oil Plantation that has been starting from 22 June to 2 July 2024. It was the collaboration among Ministry of External Affairs, Institut Pertanian Bogor (IPB), and Lembaga Dana Kerja Sama Pembangunan Internasional (LDKPI).

InfoSAWIT, MEDAN – According to Fresh Fruit Bunch (FFB) Team of North Sumatera Province on 26 June – 2 July 2024, the 10 – 20 year old FFB is turun Rp 11,70/kg to be Rp 2.965,93/Kg.

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 12.750/kg on Wednesday (26/6/2024), It means to get increased Rp 66/kg or about 0,52% to Tuesday (25/6/2024) tender that was Rp 12.684/kg.

InfoSAWIT, JAKARTA – Wilmar, one of global scale - palm oil companies, took Institut Pertanian Stipper (Instiper) Daerah Istimewa Yogyakarta to create the skillful candidates in this sector. The scholarship that the company has been giving, should open wider access in higher education and prepare the worker candidates that would be adjustable in palm oil industries.

InfoSAWIT, JAKARTA – Bumitama Agri Ltd (Bumitama), a palm oil producer that is registered at SGX and operating in Indonesia got incredible acknowledgement by being registered in Fortune Southeast Asia 500 (Fortune SEA 500). It identified 500 biggest companies in Southeast Asia based on net profits and income in fiscal year 2023.