Thursday, June 1, 2023

# commodity

Latest news group about commodity.

Indonesia Unveils Plan to Stop LNG Export

Chief Investment Minister Luhut Binsar Pandjaitan said the proposed ban would not affect ongoing LNG export contracts.
News May 31, 2023 | 10:13 am

Gov’t Owes Cooking Oil Producers, Retailers $74M: KPPU

The government kept the price of cooking oil at Rp 14,000 per liter last January when the market price hovered above Rp 20,000.
Business May 11, 2023 | 3:05 pm

CPO Producers Can't Meet Mandatory Domestic Cooking Oil Supplies

Indonesia has only distributed 217,625 tons of cooking oil under the domestic market obligation (DMO) scheme in April.
Business Apr 28, 2023 | 8:48 am

Indonesia’s Palm Oil Export to China, Bangladesh on Rise

Gapki data shows palm oil export to China witnessed a 55-percent increase in February, compared to the figures in January.
Business Apr 15, 2023 | 1:53 pm

Indonesia Aims for $5 Billion in Furniture Export Revenue in 2023

Government support was needed to strengthen Indonesia’s competitiveness in the furniture industry over neighboring Vietnam.
Business Mar 9, 2023 | 8:32 pm

Indonesia Anticipates China's WTO Motion against Bauxite Ore Export Ban

China is very likely to file the lawsuit as 90 percent of Indonesian bauxite ore export went to the country.
Business Mar 3, 2023 | 9:02 pm

Coal Prices Will Continue to Slip until Q3: Analyst

The sharp decline of coal price also affects coal miners in ASEAN, thus putting their income at risk.
Business Feb 6, 2023 | 7:03 pm

Indonesia Should Not Fear Losing EU’s Palm Oil Market: Gapki

No need to worry because Indonesia still has a lot of other markets that are more than happy to buy the country's palm oil.
Business Jan 25, 2023 | 10:00 pm

Jokowi Wants His Successor to Continue Banning Mineral Ore Exports

The nickel ore export ban caused its export value to rise from Rp 17 trillion ($1 billion) to Rp 360 trillion. 
Business Jan 10, 2023 | 4:05 pm

Indonesia Sets $7.6b Fishery Export Target for 2023

The country’s fishery and marine export from Jan. to Nov. 2022 amounted to $5.71 billion.
Business Dec 27, 2022 | 5:36 pm

Coal Price Predicted to Stay Above $400 until January

Coal and mineral resources contributed Rp 124 trillion ($8 billion) in tax and export duties to the state revenue in 2021.
Business Dec 25, 2022 | 10:25 pm

B35 Mandate Could Bring CPO Price to $970/Metric Ton Next Year

The Energy and Mineral Resources Ministry has given a signal that it would start implementing B35 in January 2023.
Business Dec 22, 2022 | 5:13 pm

Indonesia to Ban Bauxite Exports in June 2023

The move reflects President Jokowi's commitment to sovereignty over natural resources and increasing value-added within the country.
Business Dec 21, 2022 | 1:16 pm

Most Indonesian Palm Oil Companies Can Meet EU Criteria: Ambassador

New legislation prohibits companies from selling palm oil associated with deforestation on the EU market.
Business Dec 13, 2022 | 10:30 am

Indonesia to Appeal WTO Ruling on Nickel Export

After nickel, the government will also ban the export of raw bauxite and tin to attract foreign investment in downstream industries.
Business Nov 30, 2022 | 5:31 pm

Bulog Mulls Importing Rice as Stock Drops by Half

Bulog currently has nearly 598,000 tons of rice while the government has tasked the agency to keep reserve at 1.2 million tons.
Business Nov 29, 2022 | 11:42 am

‘Big Mistake’: Expert Slams Past CPO Export Ban

Indonesia still receives criticisms for banning palm oil export earlier this year.
Business Nov 6, 2022 | 10:27 am

Palm Oil Prices, Production to Drop in 2023: Gapki

The association, however, said that it could not give the exact estimate of the average palm oil prices in 2023.
Business Nov 5, 2022 | 8:03 am

Oil Palm Funding Agency Can Lose Rp 10 Trillion from Export Levy Waiver

This is not something to worry about as BPDPKS still has savings from 2021 during which the agency collected Rp 71 trillion in levies.
Business Nov 3, 2022 | 7:41 pm

Government Warned against Banning Palm Oil Exports

The ban only lasted for three weeks. However, recovering from the short-lived ban was not a skip in the park, according to Gapki.
Business Nov 3, 2022 | 1:45 pm