Latest News: Page 48

13

Nov

Palm Oil Market Still Vibrant

Togar Sitanggang, Secretary General of the Indonesian Palm Oil Producers Association (Gapki), said that the export figure in September 2017 was still [...]

Palm Oil Market Still Vibrant. Togar Sitanggang, Secretary General of the Indonesian Palm Oil Producers Association (Gapki), said that the export figure in September 2017 was still high compared to the export trend for the entire year. `This shows that the palm oil market is still active because of a lack of supply of other vegetable oils in the global market,` Togar said in an official statement, Sunday (12/11).
 
He said that India and China are still filling their vegetable oil stockpiles domestically, which have started to dwindle, even though this September has seen a decrease in demand, each by 17.5% and 17%, respectively. In terms of volume, imports by both countries, which are Indonesia's main palm oil export destinations, are still high, namely to India by 370,470 tons and to China by 650,750 tons. On the other hand, several other countries that import palm oil from Indonesia recorded a significant increase in demand in September. These countries include the Middle East with an increase of 26% and Pakistan with an increase of 9%.
 
`Meanwhile, the countries of the European Union only reported an increase in demand in September by 1% from the previous month,` Togar explained. Furthermore, Togar assessed that the dwindling palm oil stockpiles in Indonesia and Malaysia have raised global CPO prices.
 
Throughout September, the global daily price of CPO has ranged from US$687.5 to US$760 per metric ton (MT), with an average price of US$724.9 per MT. This average price increased by 7% when compared to the previous month, which was US$676 per MT. Indonesia's palm oil production (CPO and PKO) throughout September 2017 reached over 4 million tons.

This figure was the highest production of the entire 2017 because it is the annual large harvest cycle. Throughout September, Indonesia's palm oil production was reported at 4.03 million tons or an increase of 2%. The stockpile in this September was reported at 2.92 million tons, or an increase of 8.5% when compared to August's 2.69 million tons.

Source: Media Indonesia

Working Visit of PT. KPBN to Kertajaya and Pasir Badak

07

Nov

Working Visit of PT. KPBN to Kertajaya and Pasir Badak

The managers and new employees arrived at PT. Perkebunan Nusantara VIII Kertajaya Banten, at around 21.00 WIB. Upon arriving in Kertajaya, the team [...]

Working Visit of PT. KPBN to Kertajaya and Pasir Badak. The managers and new employees arrived at PT. Perkebunan Nusantara VIII Kertajaya Banten, at around 21.00 WIB. Upon arriving in Kertajaya, the team from PT. KPBN were warmly welcomed by the Manager of PTPN VIII, Mr. Wiku Saputro.
According to Mr. Amin Sarko as the HRD & General Manager said that `This working visit is to see the palm oil making process from the first stage to the last, where the new employees have to learn this process for product knowledge which will be useful as basic knowledge about palm oil production.`
The agenda for the second day of the visit to the Kertajaya plantation, the employees visited the palm oil plantation and learned about the process from the planting, growth, to the fruiting which will be taken later and collected, weighed, and then there will be a process at the Kertajaya factory.
After that, all palm oil is processed in a palm oil factory through stages starting from the Sterilizer, thresher, digester, screw press until reaching the final process. The new employees were able to ask questions and see firsthand how the palm oil is made from the palm oil plantation, the factory, to the final stage in the laboratory. After that, in the afternoon, the PT KPBN team went to PT Perkebunan Nusantara VIII which is located in Pasir Badak, Pelabuhan Ratu.
At the end of the working visit, the new employees of PT KPBN saw firsthand the process of making rubber from the first stage to the production stage at the Pasir Badak factory, Pelabuhan Ratu. The new employees of PT KPBN were very enthusiastic to see all the processes that were carried out and hoped that this program would be there and carried out routinely when new employees were accepted. [LA]

04

Nov

CPO to Touch US$850 Per Ton

Godrej International Limited Director Dorab E Mistry said, CPO prices would increase from US$ 735 to US$ 800 per ton CIF Rotterdam in January 2018. [...]

CPO to Touch US$850 Per Ton. Godrej International Limited Director Dorab E Mistry said, CPO prices would increase from US$ 735 to US$ 800 per ton CIF Rotterdam in January 2018. However, considering the soybean production in South America, rapeseed crops in Europe, and sunflower in Ukraine that did not show any increase next year, the price would reach US$ 850 per ton in March 2018.
 
“Also because of the increase in palm oil demand,` Misky said as a speaker at the 13th Indonesian Palm Oil Conference and 2018 Price Outlook (IPOC 2017) in Nusa Dua, Bali, Friday (3/11).
 
Mistry explained, palm oil supply in 2017-2018 would increase 4 million tons, while that in 2016-2017 saw an increase of 6.5 million tons. Totally, the supply of vegetable oil would increase 7 million tons in 2017-2018, while that in 2016-2017 saw an increase of 7.1 million tons. Palm oil demand in 2016-2017 and 2017-2018 would totally increase 6 million tons.
 
`Other factors that drive CPO prices are the increase in crude oil prices to the level of US$ 45-60 per barrel, The Federal Reserve's policy of tightening and the gradual increase in benchmark interest rates, and the strengthening of the US dollar against the Brazilian, Argentinian, and Indian currencies. There is also no trade war,` he explained.

Source: Investor Daily

3 years of Jokowi-JK, the variety of downstream palm oil products increased to 154 products

25

Oct

3 years of Jokowi-JK, the variety of downstream palm oil products increased to 154 products

Industry Minister Airlangga Hartarto said that the production capacity specifically for palm oil and its derivatives in 2017 continued to show an [...]

3 years of Jokowi-JK, the variety of downstream palm oil products increased to 154 products. Industry Minister Airlangga Hartarto said that the production capacity specifically for palm oil and its derivatives in 2017 continued to show an increase. The increase was quite significant compared to previous years.
 
`The production capacity of palm oil and its derivatives increased to 60.75 million tons in 2017 compared to 49.7 million tons in 2014,` Airlangga said at the Industry Ministry Building in Jakarta on Monday, October 23.
 
Airlangga targeted that the production capacity of palm oil and its derivatives would continue to increase by 62 million tons in the next two years. For the number of palm oil downstream products, the period 2015-2017 increased to 154 products and in 2018-2019 it is predicted that it will exceed 170 products.
 
`The variety of downstream palm oil products in 2014 was around 126 products. There was increase from 2015 to 2017 to 154 products. The export ratio of upstream-downstream palm oil products also increased from 34 percent CPO and 66 percent of its derivatives to 22 percent CPO and 78 percent of palm oil derivative products,` he explained.
 
Meanwhile, in the metal sector there was a significant increase in downstream, where in the period 2015 to 2017 smelter industries had been integrated with their derivative products in the form of stainless steel with a capacity of 2 million tons and predicted to continue to increase to three million tons at the end of 2019.
 
`When compared to 2014, downstream metal only reached 65,000 tons of semi-finished products in the form of nickel ferrro and matte nickel,
 
Source: www.merdeka.com

Top Ten Dollar Foreign Exchange Contributors for Indonesia, with Palm Oil Ranking Number One

25

Oct

Top Ten Dollar Foreign Exchange Contributors for Indonesia, with Palm Oil Ranking Number One

The higher a country's foreign exchange reserves, the stronger the economic power of a country. Quoting from the Management Strategy, there [...]

NATIONAL PALM OIL CONFERENCE 2017: Focus on Partnerships with Farmers

24

Oct

NATIONAL PALM OIL CONFERENCE 2017: Focus on Partnerships with Farmers

Chairperson IPOC 2017 Mona Surya said, the direction of the oil palm industry development policy is important because its role is becoming [...]

NATIONAL PALM OIL CONFERENCE 2017: Focus on Partnerships with Farmers. Chairperson IPOC 2017 Mona Surya said, the direction of the oil palm industry development policy is important because its role is becoming increasingly important to the national economy both in terms of contribution to foreign exchange export, poverty alleviation, and workforce absorption. The plan to deliver this policy direction is by Minister of Coordinating Economic Affairs Darmin Nasution.
 
“This year we picked the theme Growth through Productivity: Partnership with Smallholders. From this theme we will get insight on how to manage oil palm plantations in the future according to global demands that are increasingly concerned with sustainability issues, especially the relationship between the corporation and farmers,” said Mona, Monday (10/23).
 
The government is scheduled to deliver the policy direction regarding the national oil palm industry in the 13th Indonesian Palm Oil Conference (IPOC) and 2018 Price Outlook to be held at Bali Nusa Dua Convention Center on November 1-3, 2017.
 
A number of other ministers is also scheduled to attend, i.e., Minister of Agriculture Amran Sulaiman, Minister of Trade Enggartiasto Lukita, and Minister of Agrarian Affairs and Spatial Planning/Head of National Land Agency Sofyan Djalil. At least more than 1,500 business actors from 23 countries will attend the event. The businessmen come from the oil palm industry business sector. Notably, IPOC this year will also be attended by representatives from oil palm farmers.
 
Minister of Agrarian Affairs and Spatial Planning/Head of National Land Agency Sofyan Djalil will also present the spatial planning policy that is the basis for the oil palm industry development in Indonesia. In addition, several world economic and commodity experts will also speak in the conference which serves as a reference for world business actors.
 
Some of the conference speakers are Alexandre P. Cooman (Cenipalma), Dato’ Dzulkifli Abd Wahab (Felda), a representative from Bank Mandiri, Rino Afrino (Indonesian Oil Palm Farmers Association/Apkasindo), Mahendra Siregar (Council of Palm Oil Producing Countries/CPOPC), and Sri Adiningsih (Presidential Advisory Council).

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