Thursday, November 30, 2023

# commodity

Latest news group about commodity.

Miners Were Given Window of 3 Years before Bauxite Export Ban: Gov’t

Companies already have 3 years to speed up the smelter construction before the export ban on unprocessed bauxite came into effect.
Business Jun 12, 2023 | 4:17 pm

EU Didn’t Consult with Indonesia Before Passing EUDR: Minister

Chief Economic Affairs Minister Airlangga Hartarto even called the EU Deforestation-Free Regulation (EUDR) "a new trade barrier".
Business Jun 9, 2023 | 9:22 pm

EU Should Recognize ISPO, MSPO-Certified Palm Oil: Indonesia

Palm oil-producing countries Indonesia and Malaysia recently sent a joint mission to Brussels to fight back against EU's deforestation law.
Business Jun 1, 2023 | 7:17 pm

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

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