infoSAWIT News

InfoSAWIT, JAKARTA – Crude palm oil (CPO) contract price at Malaysia Derivatives Exchange got cheaper and extended the loss for the second time in a row on Monday (2/20/2023) because soyoil got decreased at Chicago Board of Trade.

InfoSAWIT, PEKANBARU - Riau is one province as the biggest palm oil barn in Indonesia. It has done proactive thing to protect smallholders and the people by deciding fresh fruit bunch (FFB) price.

InfoSAWIT, Sarawak – Though Sarawak, Malaysia has many tropical peats in the country, the awareness on the existence and significance of the areas are minimum for the people of the country. But Datuk Dr. Lulie Melling, President of Masyarakat Gambut Malaysia (MPS) and Director of Institut Penelitian Gambut Tropis Sarawak (TROPI) has to escalate the people’s awareness about the priceless natural resource.

InfoSAWIT, JAKARTA - European Union Deforestation Regulation (EUDR) starts implementing in European Union (EU) as part of their efforts to minimize deforestation level in the globe. EUDR would deliver big impacts for palm oil sectors namely for independent smallholders if they cultivate theirs after December 2020. It would be different for those that got certificates, such as, Indonesian Sustainable Palm Oil (ISPO) or Roundtable on Sustainable Palm Oil (RSPO) as the evidence of commitment to maintain the forest and environment well. EUDR would potentially stop palm oil product exports that have something to do with deforestation.

InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference price to decide out fee (OF) and tariff on Palm Oil Plantation Fund Management Agency (PFMA) which is known as levy on 1–15 October 2023 would be US$ 827,37/metric ton (MT).

InfoSAWIT, JAKARTA – IV Vice Director in Research, Innovation, Cooperation, Alumni of Institut Teknologi Sepuluh Nopember (ITS), Bambang Pramujati, S.T., M.Sc. Eng, Ph.D., told that 2023 would be a historical year for the university in research and development about palm oil plantations in Indonesia. GRS 2023 is an annual event to get because it successfully invited many researchers from institutions to contribute and escalate palm oil industrial productivity, efficiency, and sustainability.

InfoSAWIT, JAKARTA – Director of Sawit Watch, Achmad Surambo told fund biodiesel industries has been allocating since B20 until B35. The subsidy program significantly delivered profits for palm oil wealthy men during 2019 – 2021, such as, Wilmar about Rp 22,56 trillion, Musim Mas about Rp 11,34 trillion, Royal Golden Eagle about Rp 6,41 trillion, Sinar Mas about Rp 5,53 trillion, Permata Hijau about Rp 5,52 trillion, Darmex Agro about Rp 5,4 trillion, Louis Dreyfus about Rp 2,9 trillion, Sungai Budi about Rp 2,56 trillion, Best Industry about Rp 2 trillion, and First Resources about Rp 1,9 trillion.

IndoSAWIT, JAKARTA – In the context of land mastery, business permit of PT Mitra Austral Sejahtera (PT MAS) has been overlapping with the villagers’ areas, including public facilities, such as, the village office, schools, religious places, and villagers’ housings.

InfoSAWIT, JAKARTA - In 2022, Indonesia increased palm oil export that reached US$ 34,94 billion or equal to 39,65 million tons.

InfoSAWIT, JAKARTA – Crude palm oil (CPO) production in July 2023 reached 4,35 million tons while palm kernel oil (PKO) production reached 414 thousand tons. The total would be 4,77 million tons.

InfoSAWIT, JAKARTA - Palm oil plantation companies’ stocks on Friday, 29 September 2023 trade increased up to 10,98 percent. JARR dominated the increasing stock selling price.

InfoSAWIT, JAKARTA - Indeks Harga Saham Gabungan (IHSG) on Friday, 29 September 2023 trade increased 2,06 points to be at level 6.939,89.

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) escalated to be Rp 11.009/kg on Friday (29/9/2023). It means, it got better Rp 174/kg compared to Wednesday (27/9/2023) tender that was Rp 10.835/kg.

InfoSAWIT, SAMARINDA – According to Fresh Fruit Bunch (FFB) Team of East Kalimantan Province to calculate FFB price in the second period - September 2023 (16 - 30 September 2023), it is decided that the > 10 year old FFB is getting cheaper Rp 22,85/kg to be Rp 2.198,63/Kg.

InfoSAWIT, JAKARTA – Crude palm oil (CPO) contract price at Malaysia Derivatives exchange increased for the second session, Friday (29/9/2023). It returned the previous decreasing price because many traders wanted to re-purchased it heading to midday lunch break.

InfoSAWIT, JAKARTA – Palm oil as one mainstay commodity in Indonesia gets special attention from the government to confirm and improve its industries and infrastructures.

InfoSAWIT, MUMBAI – Vice Minister of Trade Indonesian Republic, Jerry Sambuaga led the delegation of Indonesia in Same Mission of Council of Palm Oil Producing Countries (CPOPC) to India on 27 - 29 September 2023.

InfoSAWIT, JAKARTA – According to Indonesian Palm Oil Association (IPOA) July 2023 exports reached 3,51 million tons or escalated 2,0% compared to June 2023 exports that reached 3,45 million tons.

InfoSAWIT, JAMBI – According to Fresh Fruit Bunch (FFB) Team of Jambi Province on 29 September - 5 October 2023, it is decided that the 10 – 20 year old FFB is getting cheaper Rp 3,27/Kg to be Rp 2.321,38/Kg.

InfoSAWIT, Jakarta – Palm oil plantation companies’ stock selling price on Wednesday, 27 September 2023 trade increased up to 3 percent. It was led by CSRA in the evening closing trade.