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On Palm Oil, Indonesia Still Faces Challenges

22

Feb

On Palm Oil, Indonesia Still Faces Challenges

The concept of sustainable development for palm oil plantations is one of the concerns of the Ministry of Agriculture. Information from the [...]

On Palm Oil, Indonesia Still Faces Challenges. The concept of sustainable development for palm oil plantations is one of the concerns of the Ministry of Agriculture. Information from the ditjenbun.pertanian.go.id website today shows that there is planning and realization of Sustainable Palm Oil Initiative (SPOI) activities covering five strategic components. In sequence, the five components are first, reinforcing the implementation of ISPO certification for farmers, particularly in the implementation of good agricultural practices (GAP) and environmental conservation. Second, reinforcing ISPO for forest conservation, increasing the conservation of biodiversity and mitigation, as well as reducing greenhouse gas emissions. Third, facilitating mediation of issues/disputes and empowerment.Fourth, reinforcing the ISPO system and standards so that it can be recognized and obtain greater support and acceptance in society. Fifth, realizing national and provincial platforms to ensure transparency and promote sustainable palm oil.

Meanwhile, Minister of Agriculture Andi Amran Sulaiman’s notes at the 2015 Indonesia Palm Oil Conference (IPOC) in Bali on November 25 to 27, 2015 demonstrate that palm oil is a strategic commodity. (Read: Two Reasons Palm Oil is Not in the Intensive Care Unit).According to Amran, palm oil and its derivatives record an average of Rp 250 trillion in foreign exchange for Indonesia. “Organizationally, the palm oil industry is already strong,” he said. In the next section, the Indonesian Palm Oil Producers Association (Gapki), which was the organizer of the conference, demonstrated that by the end of 2014, production of palm oil in Indonesia reached 31.5 million tons. Of that amount, 21.7 million tons were exported.However, Ricky Avenzora, an environmental and forestry observer from the Bogor Agricultural Institute (IPB) warned in a press release yesterday that there are still challenges for Indonesia in relation to palm oil. Indonesia’s increased production of palm oil increases Indonesia’s opportunities to become a crucial country for producers of raw materials for food and pharmaceuticals. As a consequence, the large industrial countries like the United States and Europe become dependent on Indonesia. Ricky calculates that a 10 percent increase in palm oil production in Indonesia will make producers of raw materials for food and pharmaceuticals in the United States dependent by as much as 12 percent. Because of this, Ricky suggests that the United States has a tendency to be hostile towards the growth of palm oil in Indonesia. Furthermore, palm oil is a favorite product for renewable biofuel energy. Indonesia’s crucial role in relation to this renewable energy is thus more and more necessary.

Editor
: Josephus Primus

http://bisniskeuangan.kompas.com/read/2016/02/20/123100326/Ihwal.Kelapa.Sawit.Indonesia.Masih.Hadapi.Tantangan

CPO PRICE Feb 18: Fluctuates as Soybean, Oils Move in Opposite Directions

18

Feb

CPO PRICE Feb 18: Fluctuates as Soybean, Oils Move in Opposite Directions

CPO futures contract for April 2016, the most actively traded contract on Bursa Malaysia, opened 0.19% higher to a price of 2,618 ringgit per [...]

CPO PRICE Feb 18: Fluctuates as Soybean, Oils Move in Opposite Directions. CPO futures contract for April 2016, the most actively traded contract on Bursa Malaysia, opened 0.19% higher to a price of 2,618 ringgit per ton.
The commodity initially continued to rise by 0.46% before being pressed down again and traded 0.27% weaker to 2,606 ringgit or Rp. 8.42 million per ton at 10:09 a.m. WIB.
Price movements in Kuala Lumpur fluctuated when CPO's two main substitute commodities, crude oil and soybean oil, moved in opposite directions.
Brent oil was traded 1.01% stronger at US$34.85 per barrel at 10:15 a.m. WIB, after rising 7.21% to US$34.50 per barrel at 10:15 WIB. On the other hand, the price of soybean oil fell 0.4% to US$32.09 per pound, having corrected after increasing 1.19% yesterday.
Price Movement in  April 2016 CPO Contract

Date
Level
Change

February  18, 2016(10:09 a.m. WIB)
2.606
-0.27%

February 17. 2016
2,613
+0.97%

February 16, 2016
2.588
-0.42%

February 15, 2016
2.592
-1.78%

February 12, 2016
2.629
+1.27%

Source: Bloomberghttp://market.bisnis.com/read/20160218/94/520258/harga-cpo-18-februari-berfluktuasi-saat-kedelai-dan-minyak-berlawanan

Envoy bats for enhanced India-Indonesia commodity trade

18

Feb

Envoy bats for enhanced India-Indonesia commodity trade

"What we would like to do is to actually increase the quantum of trade in commodities between Indonesia and India," she said at a cultural [...]

Envoy bats for enhanced India-Indonesia commodity trade. "What we would like to do is to actually increase the quantum of trade in commodities between Indonesia and India," she said at a cultural night and welcoming event of new Indian Ambassador for Indonesia, Nengcha Lhouvum Mukhopadhaya, in Jakarta, Wednesday night.For that matter, she said that the agriculture sector was one sector having a good prospect as its production fulfills the domestic needs.She said that with the growth of the agricultural and industrial products both raw and processed products it will open up a market."We must increase the value of trade. We also do the promotion of the industrial sector and there is a big scope in that as well," she said.In addition, she said that there were many investment opportunities in developing the infrastructure sector in Indonesia.She said that Indonesian President Joko Widodo always emphasizes the development of infrastructure, and one of the focuses of the government is the maritime access."I think we should look at what are the priorities of Indonesia itself and based on that, we will see what can be the approach. And then, President of Indonesia Mr. Joko Widodo has been saying focus is on infrastructure development," she said.She said that the efforts to build ports, improve telecommunication, and develop the shipping were part of the focus of the investment."In Indonesia itself I think there is a lot of scope for other countries to come and invest," she said.India can also gain great mileage in investing in Indonesia in developing infrastructure from ports, ship building, to electricity."I think we must do much more together than what we are doing at present to boost up the economy of both the countries," she said. 
Editor: Ruslan Burhani
http://www.antaranews.com/berita/545703/dubes-perbesar-perdagangan-komoditas-antara-india-indonesia

President Jokowi Invites Facebook to Support Digital Economy

18

Feb

President Jokowi Invites Facebook to Support Digital Economy

The statement was delivered by President Jokowi while meeting with Mark Zuckerberg, founder and CEO of Facebook, who was accompanied by Facebook [...]

President Jokowi Invites Facebook to Support Digital Economy. The statement was delivered by President Jokowi while meeting with Mark Zuckerberg, founder and CEO of Facebook, who was accompanied by Facebook executives in Silicon Valley, San Francisco, Wednesday afternoon local time or Monday morning Jakarta time.The president said that the Indonesian Government welcomes Facebooks contributions to the development of Indonesias digital economy and culture.`I hope that Facebook can cooperate in Indonesias efforts to achieve the vision of becoming the largest digital economy in Southeast Asia, namely by reaching 130 billion US dollars by 2020,` the president said.The president added that the digital economy in Indonesia is driven by the development of UMKM (small and medium enterprises).To that end, Indonesia has prepared an action plan for the digital economy in the medium and long term with a focus on accelerating access to digital technology for UMKM.The Indonesian government has adopted several policies to encourage the rise of techopreneurs, attract investment, including in the IT field, and provide funding access for UMKM.The president went on to say that the Indonesian government also continues to set policies that encourage innovation.These include an action plan to create 1000 technopreneurs and protection for start-up business owners.Regarding the creation of 1000 technopreneurs, Indonesia is encouraging Facebook to support the education of new IT developers in Indonesia.`I also hope that Facebook can support Indonesias efforts to empower the digital economy for UMKM,` said the president.On this occasion, the president also conveyed that he had appealed to the leaders of ASEAN and the US at the KTT in Sunnylands on 15-16 February 2016 to empower leaders of peace.To that end, the president especially hoped that Facebook could help convey this message of peace.`I invite Facebook to strengthen the spread of the message of tolerance, moderation, and peace,` said the president.At the Facebook headquarters, the president and the First Lady toured the Facebook employees workspace, chatted with Indonesian Facebook employees at the Roof Top Garden, and visited the Oculus Virtual Reality demonstration location.As he was leaving Facebook, the president wrote a short message, `Together in Peace and Harmony,` and signed the Facebook Signature Wall.
Editor: B Kunto Wibisono
http://www.antaranews.com/berita/545749/presiden-jokowi-ajak-facebook-dukung-ekonomi-digital

17

Feb

ICE Cocoa Drops on Stronger Dollar

At the close of early morning currency trading, the dollar index was in a positive position, up 0.25% at 96.93. The strengthening of the US dollar [...]

ICE Cocoa Drops on Stronger Dollar. At the close of early morning currency trading, the dollar index was in a positive position, up 0.25% at 96.93. The strengthening of the US dollar has made commodities like cocoa, which are sold in US dollars, more expensive, so demand has declined. At the end of Wednesday's early morning trading, the May 2016 cocoa futures contract, which is the most active contract, closed lower. The commodity price closed - 40 dollars or -1.39 percent lower at $ 2,834 per ton. Bullish cocoa sentiment still looms, with hot and dry weather in most major cocoa regions, the Ivory Coast, having damaged trees and could reduce seed quality and mid-crop size, farmers said Monday. Vibiz Research Center analyst predicts that cocoa futures prices for the next trade will strengthen in the short term, with production constraints in cocoa producing countries. For the next trading, cocoa futures prices on ICE Futures New York have the potential to test the resistance level at $ 2,880. If the resistance level is successfully penetrated, the next level is $ 2,930. Support levels to be tested in the event of a weakening are at $ 2,780 and $ 2,730. Freddy / VMN / VBN / Analyst-Vibiz Research CenterEditor: Asido Situmoranghttp://vibiznews.com/2016/02/17/harga-kakao-ice-turun-tertekan-penguatan-dollar-as/

ICE Sugar Futures Rise on Reduced Supplies

17

Feb

ICE Sugar Futures Rise on Reduced Supplies

ICE Futures said on Monday that 313,050 tonnes of white sugar had been tendered against the March contract, with supplies due to be loaded in the [...]

ICE Sugar Futures Rise on Reduced Supplies. ICE Futures said on Monday that 313,050 tonnes of white sugar had been tendered against the March contract, with supplies due to be loaded in the United Arab Emirates, confirming earlier trade reports. In the sugar market, dealers said the presence of more than 200,000 tonnes in the UAE against last Friday's expiry of the March contract suggested that Dubai's Al Khaleej refinery is restocking raw sugar. At Wednesday's close, the most active March raw sugar contract on ICE Futures settled up 0.07 cent, or 0.53 percent, at 13.22 cents per lb. New York raw sugar futures are likely to remain supported by concerns about production setbacks, while the performance of Brazil's real against the U.S. dollar is also a factor to watch, a commodities analyst said on Thursday. The resistance levels on the ICE Futures U.S. raw sugar futures chart are at 13.70 cents and 14.20 cents per lb, while supports are at 12.70 cents and 12.20 cents per lb. Freddy/VMN/VBN/Analyst-Vibiz Research CenterEditor: Asido Situmorang http://vibiznews.com/2016/02/17/harga-gula-ice-menguat-dengan-penurunan-pasokan/

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