Gov’t Forms State-Owned Food Holding to Boost Supply Chain

... Erick. Soaring crude palm oil (CPO) price has made cooking oil ... . Although the high CPO price is a boon to export, households are ...

Biodiesel to Cut Indonesia's Oil Fuel Import by $3.9b in 2021

... price of CPO exports goes up, we can export. If not ... biodiesel factory to industrialize CPO to biodiesel. This will ... down streaming and industrializing their CPO into cooking oil, cosmetics, ... goods." Jokowi explained, "Today, CPO becomes biodiesel." To speed up ...

Indonesia Envisions Global Leader in Processed Palm Oil Products

... to the ministry data. Export Duties The Indonesian Vegetable Oil ... Association (Gimni) sees the export duties on palm oil as ... (Apkasindo), thanks to the export duties, farmers are enjoying high ... regulation, the progressive export duty on CPO can range from $ ...

Astra Agro's Net Profit Soars 294.6 pct in 2020

... percent increase in our average CPO price," Mario told the ... annual report revealed the average CPO price in the international ... . "Even though the export levy [on CPO] can be relatively high ... government introduced a progressive export levy on CPO and other palm ...

Export Levy Dampens Palm Companies' Profit Amid CPO Price Rally

Jakarta. Indonesia's export levy prevents palm oil ... a new progressive export levy on CPO and other palm ... Under the new regulation, CPO levies now range from $55 ... As a result, the export duty is now at $93 ... the new regulation on the CPO export levy in 2015 to ...

Gapki Expects Tight Supply to Support Palm Oil Price Into 2021

... , Indonesia's free-on-board CPO price surpassed $870 per ton ... 2021," Joko said. The Indonesian CPO price has risen by 74 ... for oleochemicals. "Even so, our export is at a negative 12 ... are under lockdowns. Palm oil export for food has declined because ...

Palm Oil: Local Consumption Down, Export Picks Up During Pandemic

... , or Gapki, has reported higher export of palm oil but lower ... for hand sanitizers. Palm oil export rose by 3.3 percent ... million tons in March. Meanwhile, CPO export rose by 113,000 tons ... , were responsible for the highest export surges in the period. "The ...

Indonesia's Thirst for Biodiesel May Undercut Global Palm Oil Supply

... enough palm oil left to export. The government began mandatory use ... of palm oil available for export," Gapki's executive director, ... last year. Gapki estimated the export value of palm oil products ... in export value could have been more severe, but the CPO price ...

Jokowi Says EU Palm Oil Restrictions Are 'Act of Trade War'

... of crude palm oil, or CPO] per year. The EU ... its economy by increasing export and reducing import, stressing ... next year. "Converting our CPO into B30 will save ... only be applied on CPO but also on other ... for banning nickel ore export. Jokowi has already said ...

Well Oiled: Indonesia Spares No Time With B40 Biodiesel Mix

... demand for crude palm oil (CPO) if the European Union ... [sources] for the green fuel CPO and identifying the best refineries ... on existing refineries close to CPO sources to produce the biofuel ... it ourselves. Why should we export there?" Jokowi said on Thursday ...