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The Price of Fresh Fruit Bunches (FFB) of Oil Palm in Riau 15-21 April 2020 Increases by IDR 10.53/Kg

15

Apr

The Price of Fresh Fruit Bunches (FFB) of Oil Palm in Riau 15-21 April 2020 Increases by IDR 10.53/Kg

Here are the palm oil prices in Riau based on InfoSAWIT's search, 3-year-old palm oil Rp 1,381.56/Kg; 4-year-old palm oil Rp 1,495.25/Kg; [...]

Approved by Minister of Health, Jakarta PSBB Starts Tuesday, April 7th 2020

07

Apr

Approved by Minister of Health, Jakarta PSBB Starts Tuesday, April 7th 2020

"It (has been signed). I believe DKI was the first to submit their application. It was signed last night,” said the Head of Public Opinion and [...]

Approved by Minister of Health, Jakarta PSBB Starts Tuesday, April 7th 2020. `It (has been signed). I believe DKI was the first to submit their application. It was signed last night,” said the Head of Public Opinion and Media Division of the Health Ministry, Busroni, to journalists, Tuesday (April 7, 2020). The approval was followed up with the issuance of Decree of the Indonesian Health Minister No. HK.01.07/MENKES/239/2020 on the Imposition of PSBB in DKI Jakarta Province to Accelerate the Handling of Covid-19.The Ministerial Decree was enacted in Jakarta on Tuesday, April 7, 2020. `This Ministerial Decree shall come into force on the date of its enactment,` reads the fourth dictum in the Ministerial Decree. This means that PSBB to accelerate the handling of the coronavirus outbreak in DKI Jakarta will take effect on this Tuesday. Based on a copy of the Ministerial Decree received by Kompas.com, the decree consists of four dictums. The first dictum reads, `To impose PSBB in DKI Jakarta Province in order to accelerate the handling of Covid-19`.The second dictum reads, `The Provincial Government of DKI Jakarta shall implement large-scale social restrictions as referred to in the first dictum in accordance with the provisions of the prevailing laws and shall consistently encourage and disseminate healthy and clean living practices to the public`. Meanwhile, the third dictum reads, `PSBB as referred to in the second dictum shall be implemented during the longest incubation period and may be extended should there be evidence of the continuation of the transmission`.Previously, Governor of DKI Jakarta Anies Baswedan proposed the status of PSBB for Jakarta on Thursday (April 2, 2020). The proposal complies with the provisions of Government Regulation (PP) No. 21 of 2020 on PSBB to Accelerate the Handling of Covid-19. Anies proposed the PSBB status because Jakarta is the epicenter of the coronavirus outbreak. The number of Covid-19 cases in the capital city continues to increase.
In DKI Jakarta alone, as of Monday, April 6, 2020, the number of positive Covid-19 patients has reached 1,268. The number has increased by 125 from the previous day. Of the total number above, 67 patients have recovered, 284 are self-isolating, 791 are still receiving intensive care, and 126 have died. Of the 1,268 positive cases, 761 live in DKI Jakarta sub-districts and for 507 patients, their sub-districts of residence have not been identified.This article was published in Kompas.com with the title `Approved by the Health Minister, PSBB for DKI Jakarta Takes Effect on Tuesday, April 7, 2020`, https://nasional.kompas.com/read/2020/04/07/11582841/disetujui-menkes-psbb-dki-jakarta-mulai-berlaku-selasa-7-april-2020?page=2.Writer: Rakhmat Nur HakimEditor: Fabian Januarius Kuwado

Facing COVID-19, Agriculture Ministry Reviews Alternative Export Markets for Plantation Commodities

03

Apr

Facing COVID-19, Agriculture Ministry Reviews Alternative Export Markets for Plantation Commodities

This step is taken in anticipation of the decreasing demand from China for exports of Indonesian plantation commodities in 2020. Kasdi explained that [...]

Facing COVID-19, Agriculture Ministry Reviews Alternative Export Markets for Plantation Commodities. This step is taken in anticipation of the decreasing demand from China for exports of Indonesian plantation commodities in 2020. Kasdi explained that this is because China is currently restricting the movement of goods from and to China. This restriction is implemented to prevent the spread of the Covid-19 pandemic caused by the corona virus. He added that in addition to focusing on increasing production, the Ministry of Agriculture will also seek alternative export destination markets. `This is a follow-up of the instructions from the Minister of Agriculture, Syahrul Yasin Limpo, that the agricultural sector must be the most resilient sector in facing various crises,` he said as quoted in a written statement received by Kompas.com on Thursday (March 2, 2020). It is known that this country nicknamed “The Bamboo Curtain” is one of Indonesia's largest trading partners in the export of plantation commodities. These commodities include palm oil, coconut, cocoa, rubber, coffee, tea, pepper, nutmeg, cloves, and cinnamon. Six strategies from the Ministry of Agriculture Furthermore, Kasdi said that his agency has prepared six main strategies to strengthen Indonesian plantation exports in the midst of the Covid–19 pandemic. The first strategy is trade lobby with new partner countries. This includes seeking direct exports for commodities that have previously been re-exported through China. `Secondly, we will conduct a lobby for import duty agreements in destination countries and provide bilateral trade facilitation, such as for sugar, vanaspati ghee and other commodities,` he said. Third, improve guarantees for quality, brand image, and ongoing product availability. The fourth strategy, continued Kasdi, is to seek increased trade cooperation for market access. This can be done by optimizing the use of Indonesian representatives abroad, accelerating ongoing cooperation, and of course developing new agreements. For example, he explained, based on his analysis, China's absorption for palm oil this year is predicted to decrease.`To anticipate this, we will encourage an increase in palm oil exports to India, Pakistan, and Bangladesh by 20 percent and to the United States by 5 percent,` he said. In addition, the export is also carried out to Tunisia, Turkey, Egypt, Algeria, Morocco and Iran which have increased by 10 percent. The target for domestic consumption is to increase by 5 percent. The fifth strategy, Kasdi continued, is that his party will increase domestic consumption, such as the B-30 program for Crude Palm Oil (CPO), rubber asphalt for rubber, coffee, coconut sugar, and other commodities. Then the sixth is the optimization of information and communication network services in an organized manner between business to business (B to B) and government to government (G to G). Meanwhile, for rubber exports in 2020, Kasdi said that he had prepared targets for an increase and alternative destination countries for rubber exports other than China.`We will encourage exports to Germany and France with a significant increase of 10 percent. The United States and Argentina by 10 percent, Japan and South Korea increased by 7.5 percent, South Africa up to 2.5 percent, and for domestic consumption we are targeting an increase of 5 percent,` he said.https://money.kompas.com/read/2020/04/02/122304826/imbas-covid-19-kementan-kaji-alternatif-pasar-ekspor-komoditas-perkebunan

April 2020 CPO Reference Price Down US$132

03

Apr

April 2020 CPO Reference Price Down US$132

In the Regulation of the Minister of Trade No. 29/2020 concerning the Determination of Export Reference Price (HPE) for Agricultural and Forestry [...]

April 2020 CPO Reference Price Down US$132. In the Regulation of the Minister of Trade No. 29/2020 concerning the Determination of Export Reference Price (HPE) for Agricultural and Forestry Products Subject to Export Duty, the CPO reference price was set at US$653.76 per ton.
The reference price fell by 16.89 percent or around US$132.87 compared to the reference price for the period of March 2020, which was at US$786.63 per ton.
"Currently, the CPO reference price is at a level below US$750 per ton. For that reason, the government imposed an export duty for CPO of US$0/ton for the period of April 2020," said the Director General of Foreign Trade of the Ministry of Trade, Indrasari Wisnu Wardhana, as quoted from a press release received by Bisnis, Friday (27/3/2020).
The CPO export duty for April 2020 is listed in Column 1, Appendix II, Letter C of the Regulation of the Minister of Finance No. 13/PMK.010/2017 amounting to US$0 per ton. This value decreased from the previous month's CPO export duty for the period of March 2020, which was US$3 per ton.
Meanwhile, the reference price for cocoa beans in April 2020 was at US$2,589.37 per ton, down by 8.12 percent or US$228.74 compared to March, which was at US$2,818.11 per ton.
This resulted in a decrease in the HPE for cocoa beans in April 2020 to US$2,299 per ton, down by 8.88 percent or US$224 from the previous period, which was at US$2,523 per ton.
Wisnu explained that the decrease in the reference price and HPE for cocoa beans was caused by the weakening of international prices.
This decrease had an impact on the cocoa bean export duty, which fell to 5 percent (last month's period was 10 percent). This is stated in column 2, Appendix II, Letter B of the Regulation of the Minister of Finance No. 13/PMK.010/2017.
Meanwhile, for the HPE and export duty of wood and leather products, there were no changes from the previous month's period. The export duty for wood products and leather products is stated in Appendix II, Letter A of the Regulation of the Minister of Finance No. 13/PMK.010/2017.
https://ekonomi.bisnis.com/read/20200327/12/1218899/ditetapkan-us65376-harga-referensi-cpo-april-2020-turun-16

State-Owned Plantation Company Embraces Covid-19 Prevention Protocols

26

Mar

State-Owned Plantation Company Embraces Covid-19 Prevention Protocols

This coronavirus prevention protocol applies to the head office and all subsidiaries in Indonesia and is also disseminated to workers on the [...]

State-Owned Plantation Company Embraces Covid-19 Prevention Protocols. This coronavirus prevention protocol applies to the head office and all subsidiaries in Indonesia and is also disseminated to workers on the plantation/unit. Human Resources Director of PT Perkebunan Nusantara III (Persero) Wing Antariksa explained that the protocol was prepared in the early period of the outbreak of the Covid-19 pandemic in the world, following the government's official statement confirming that there were patients infected with Covid-19 in Indonesia. His party prepared hand sanitizers that could be accessed by employees at any time, sprayed disinfectants in the office environment, and implemented a Work from Home (WFH) policy that was carried out alternately for a period of 2 weeks since March 16, 2020, at the head office in Jakarta. “Employees who are found to be unwell, pregnant, over 50 years old, and employees who use public transportation are allowed to work from home,” said Wing Antariksa in a statement, Monday (23/3/2020). This BUMN also enforces a protocol for receiving guests visiting the office by checking the body temperature of each guest and washing hands before entering the office location, reducing face-to-face meetings with customers and external stakeholders using video conferencing methods and correspondence administration via the company email. He said that the preparation of this protocol is actually inseparable from an overall analysis of the impact of the spread of the Covid-19 virus, including the company's operations. Its implementation is carried out carefully so as not to disturb the comfort of customers, guests, and employees. His party has also issued a circular letter urging all employees, especially in the Jakarta office, to carry out social distancing, including by implementing a policy for employees to work at home. He also appealed to employees and workers in the plantation area not to panic and overreact but to always keep abreast of the latest information.   https://www.topbusiness.id/32528/holding-bumn-perkebunan-terapkan-protokol-pencegahan-covid-19.html

26

Mar

Ahead of Ramadan, CPO Price Rises 1.4%

On Tuesday (17/3/2020), the price of CPO for the 3-month delivery contract at Bursa Malaysia Derivatives (BMD) rose 1.44% compared to yesterday's [...]

Ahead of Ramadan, CPO Price Rises 1.4%. On Tuesday (17/3/2020), the price of CPO for the 3-month delivery contract at Bursa Malaysia Derivatives (BMD) rose 1.44% compared to yesterday's closing position. CPO is now traded at RM 2,252 per tonne.Currently, the price of CPO has indeed collapsed when compared to its price early last year. The CPO price is recorded to have decreased by 26.2% year to date (ytd). The triggers are indeed many, ranging from the conflict between Malaysia and India to the latest sentiment of the COVID-19 pandemic.
`The price of palm oil has plummeted due to a disruption in demand in the European Union and the Middle East when the number of cases of COVID-19 infection in those countries has increased and become a risk that has impacted demand,` said Anilkumar Bagani, a head of commodity research at the Sunvin Group.Malaysian palm oil exports for the period 1-15 March fell between 1.8% and 9.6% compared to the previous month based on a survey conducted by cargo surveyors.Because its price has fallen sharply, CPO has begun to be eyed by traders. Especially because next month (April) is the start of Ramadan. Usually during fasting, consumption increases and this drives up demand for palm oil. This has become one of the positive sentiments for CPO, and so has the potential to raise the price.However, due to the COVID-19 pandemic

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