Latest News: Page 56

EU Big Market for Indonesian Palm Oil, but Big Challenges Remain

24

Jan

EU Big Market for Indonesian Palm Oil, but Big Challenges Remain

The people behind these negative campaigns aim to limit the inflow of CPO into the European Union due to environmental as well as health concerns [...]

EU Big Market for Indonesian Palm Oil, but Big Challenges Remain. The people behind these negative campaigns aim to limit the inflow of CPO into the European Union due to environmental as well as health concerns (although some speculate they actually want to limit the import of cheaper crude palm oil for the benefit of locally-produced edible oils such as sunflower oil, canola oil or soybean oil).
In the year 2017 negative campaigning continues. Several authorities in Europe had already listed palm oil, an edible oil, as a cancer risk. The European Food Safety Authority (EFSA) reported that palm oil generates more of a potentially carcinogenic contaminant than any other edible oil when refined at temperatures of at least 200°C. Nutella, the hazelnut and chocolate spread made by Italian confectionery firm Ferrero, became a victim when calls were made to boycott Nutella due to its palm oil content.
In recent years there has been a series of anti-CPO campaigns in the EU, including:

In 2012 France proposed higher import duties on crude palm oil. It is believed this proposal was aimed at protecting the country's own sunflower oil production.
In 2014 there started to emerge various products in Belgian and Italian supermarkets with the label `palm oil free`, in an attempt to promote those products that do not contain palm oil.
In 2015 there spread many negative stories about Indonesia's palm oil industry after the severe forest fires that occurred on the Indonesian islands of Sumatra and Kalimantan in late-2015.
In 2016 France again proposed (progressive) import duties on palm oil imports (again the plan was cancelled after discourse).

Sahat Sinaga, Executive Director at the Indonesian Vegetable Oil Refiners Association (GIMNI), said these negative campaigns have a big impact on palm oil consumption in the European Union. In full-year 2016 Indonesia is estimated to have only exported 3.3 million tons to the EU, down 21 percent from 4.2 million tons of palm oil shipments in the preceding year. Toward the future, the figure may continue to decline and therefore Sinaga does not see a good future for palm oil shipments to the EU in case it involves palm oil shipments for food. However, EU demand for biodiesel or oleochemical is expected to increase. Therefore, exporters are advised to focus on the non-food palm oil-related shipments to the European Union.
Indonesia's Palm Oil Exports Volume to Top Markets:

2011

2012

2013

2014

2015

2016¹

India

4,980

5,253

5,634

4,867

5,798

3,944

European Union

3,500

3,650

4,800

4,123

4,233

2,963

China

2,032

2,842

2,343

2,357

3,990

1,920

in thousand tons             ¹ January-September 2016 period only Source: Statistics Indonesia (BPS)
http://www.indonesia-investments.com/news/todays-headlines/eu-big-market-for-indonesian-palm-oil-but-big-challenges-remain/item7548

Treasury’s Strategy Towards a Global Commodity Exchange

24

Jan

Treasury’s Strategy Towards a Global Commodity Exchange

"We want it like the Rotterdam stock exchange. In Rotterdam, the exchange doesn’t just trade CPO, but other vegetable oils as well. Our greatest [...]

Treasury’s Strategy Towards a Global Commodity Exchange. `We want it like the Rotterdam stock exchange. In Rotterdam, the exchange doesn’t just trade CPO, but other vegetable oils as well. Our greatest desire is to make KPBN a trading place for Indonesia’s leading commodities,` said Iriana Ekasari, Managing Director of PT Karisma Pemasaran Bersama Nusantara (KPBN), in her office. Iriana Ekasari was officially appointed Managing Director of PT KPB Nusantara on 2 September 2016. The handover ceremony was witnessed by Elia Massa Manik, the Managing Director of PTPN III Holding, as the shareholder. Before joining PT KPB Nusantara, this graduate of Bogor Agricultural University (IPB) majoring in agronomy worked professionally in the consumer goods industry and had experience in brand strategy development and advertising development, company strategic planning, and sales organization development. She had a diverse career, working in several leading companies, including Unilever, Bintang Toedjoe, Heinz ABC, and Akzonobel. https://sawitindonesia.com/rubrikasi-majalah/sosok/strategi-kpbn-menuju-bursa-komoditi-bertaraf-global/

18

Jan

PTPN's Strategy to Boost Tea Production

President Director of PTPN III Elia Massa Manik said that PTPN has a 1.18 million-hectare land in Indonesia. Out of that total area, 833 thousand [...]

PTPN's Strategy to Boost Tea Production. President Director of PTPN III Elia Massa Manik said that PTPN has a 1.18 million-hectare land in Indonesia. Out of that total area, 833 thousand hectares is used to plant various commodities. The rest are used for infrastructure such as roads and offices. The largest planted commodity is oil palm, followed by rubber, sugar cane, tea, and others. The company will boost the production of its tea commodity which has a good potential. According to him, the national tea production is 130 thousand tons per year. And 70 percent of that amount is produced in West Java. Out of the 130 thousand tons, 50 percent is produced by PTPN. `One of the things that we have to improve is product quality. Many of our tea factories are old,` Elia said at the Launching of PT Perkebunan Nusantara III's Re-design Leadership Development Program in the Plantation Education Institution (LPP) Yogyakarta, Monday (9/1/2017). Director of Human Capital of PTPN III (Persero), Seger Budiharjo, said that PTPN also conducted a mapping of its assets in order to develop and utilize them to their maximum potential. Many of PTPN's assets are now located in the middle of cities, especially those in Java, therefore the utilization of these assets must be reconsidered. `We will maximize the assets, the first step for us now is to map which ones are suitable to be developed,` said Seger Budiharjo. PTPN's total planted area is 817.536 hectares, consisting of oil palm, rubber, sugar cane, tea, coffee, cocoa, tobacco, wood, and horticulture. Oil palm and sugar production has increased in the period of 2013-2015. On the other hand, tea and sugar production has decreased in the same period. Production of oil palm (oil and palm kernel), rubber, tea, and sugar in 2015 are 3.4 million tons, 184.38 thousand tons, 1.1 million tons, and 45 thousand tons respectively. (hns/hns) https://finance.detik.com/berita-ekonomi-bisnis/d-3391711/ini-strategi-ptpn-genjot-produksi-teh

BLEACH PALM OIL PRICES ON JAN 17: El Nino Effect Predicted To Continue To Suppress Production, Crude Palm Oil Continues To Strengthen

18

Jan

BLEACH PALM OIL PRICES ON JAN 17: El Nino Effect Predicted To Continue To Suppress Production, Crude Palm Oil Continues To Strengthen

April 2017 CPO futures contract, the most active contract on Bursa Malaysia, opened today with a gain of 0.10% or 3 points at the position of 3,113 [...]

BLEACH PALM OIL PRICES ON JAN 17: El Nino Effect Predicted To Continue To Suppress Production, Crude Palm Oil Continues To Strengthen. April 2017 CPO futures contract, the most active contract on Bursa Malaysia, opened today with a gain of 0.10% or 3 points at the position of 3,113 ringgit per ton. Its movement then rose by 0.51% or 16 points to 3,126 ringgit per ton at 10.06 WIB. According to Malaysian plantation consultant Ganling, as reported by Bloomberg today, the effect of El Nino last year on palm oil production in Malaysia and Indonesia, the two largest producers in the world, will continue until the first half of 2017. `Production will fall again in the first quarter in Malaysia and between the second and third quarters in Indonesia. The continued tight supply will limit the rise in stock so as to support the price at least until the first quarter,` Ganling's director, Ling Ah Hong, said. On trading Monday (16/1), the CPO price closed with a gain of 0.88% or 27 points at 3,110 ringgit per ton along with the weakening performance of the ringgit. The rupiah's exchange rate this morning again weakened slightly by 0.03% to 4.4680 per US dollar at 09.46 WIB, after it had strengthened to a position of 4.4657. CPO Price Movement for April 2017 Contract    Date    Level     Change      17/1/2017  (10.06 WIB)    3,126   +0.51%     16/1/2017   3,110   +0.88%     13/1/2017   3,083   +0.29%     12/1/2017   3,074   -0.36%

CPO skyrockets due to rupiah's depreciation

18

Jan

CPO skyrockets due to rupiah's depreciation

“Tight supply concerns and strong demand continue to support the price rally, especially since the Malaysian ringgit has also weakened,” said [...]

PTPN Subsidiary Company Implements Four Strategies to Promote Indonesian Tea in 2017

05

Jan

PTPN Subsidiary Company Implements Four Strategies to Promote Indonesian Tea in 2017

KPBN is the largest auction operator for tea in terms of volume and sales transaction value in Indonesia. At the present, the tea being auctioned at [...]

PTPN Subsidiary Company Implements Four Strategies to Promote Indonesian Tea in 2017. KPBN is the largest auction operator for tea in terms of volume and sales transaction value in Indonesia. At the present, the tea being auctioned at KPBN is tea produced by PTPN, namely CTC and Orthodox. KPBN’s Director President; Iriana Ekasari said that, KPBN will cooperate with other plantation producers so they can join selling their tea at KPBN.
`Presently, KPBN is the market place with the infrastructure in Indonesia most ready for selling Indonesian commodity products. We are preparing ourselves for other tea producers to use the existing infrastructure facilities at KPBN as a venue to sell their tea commodities,` said Iriana in a press release in Jakarta on Wednesday (January 4, 2016).Iriana mentioned that there are four strategies enforced by KPBN. They are: implementing business plan integration with the existing buyers.According to her, the buyers are prepared for increasing their purchasing capacity. Namely, they must increase the number of buyer overseas, increase their financial capabilities, and increase the storage capacity.`Secondly, KPBN will be carrying out supply integration with the plantations to ensure the availability of goods and quality consistency,` she explained.Thirdly, the enforcement of auction that is more transparent by displaying unggulan products to every buyer, particularly for plantations which have improved their quality.Fourthly, facilitating supply chain financing with banks for buyers registered at KPBN so they can buy tea at KPBN.`To increase the number of buyers, KPBN will carry out marketing activities more aggressively and right on target such as holding exhibitions both domestically and abroad. KPBN will also build a love for quality tea from plantations in Indonesia among domestic consumers,` she explained.Just for your information, several major companies included in the Jakarta Tea Buyer Association (JTBA), are regular buyers of tea commodities at KPBN. 60 percent of tea commodities from KPBN are sold domestically.As for abroad, buyers export tea to Malaysia, United States (AS), Poland, Pakistan, England, United Arab Emirates, Singapore, Russia, Netherlands, and many others.`In 2016, KPBN sold tea amounting to USD56.1 million. The sales volume for 2017 is planned to increase by 25 percent from 2016, mainly targeted at the export market,` she concluded.
http://ekonomi.metrotvnews.com/mikro/ZkeW1EPN-anak-usaha-ptpn-usung-4-strategi-angkat-teh-indonesia-di-2017

Latest News