# commodity

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

$1.3b Investment Opportunities Open Up as Indonesia Plan to Halt Asphalt Imports in 2024

The country imported 95 percent of asphalt today despite sits on one of the largest asphalt resources in the world.
Business Oct 11, 2022 | 7:12 pm

Jokowi Bans New Coal-Fired Power Plants, With Few Exceptions

Ongoing coal-fired power plant projects or ones tied to National Strategic Projects can continue construction.
Business Sep 15, 2022 | 11:46 am

Vale Indonesia Inks $2.1b Ferronickel Project Deal with China's Baowu Steel

The new plant will be able to produce ferronickel with 73,000 to 80,000 metric tons of nickel content a year.
Business Sep 6, 2022 | 10:58 pm

Gov't Raises Subsidized Fuel Prices by Up to 32%

The move was aimed at reining in the state budget deficit this year and better allocating the subsidies to the poor.
Business Sep 3, 2022 | 2:50 pm

Jokowi Says 19x Increase in Steel Exports Justifies More Downstream Projects

Steel exports increased to Rp 306 trillion in 2021, more than 19 times higher than Rp 16 trillion in 2014.
Business Aug 16, 2022 | 2:28 pm

China Agrees to Increase CPO Imports from Indonesia

The plan should help pare down the Southeast Asian producer's surplus inventories and prop up the commodity's prices for local farmers.
Business Jul 27, 2022 | 9:34 am

Zero Export Levies Give Second Wind for Palm Oil Producers

The government dropped export levies in a move to increase exports and reduce the country's high palm oil inventories.
Business Jul 19, 2022 | 2:14 am

Indonesia Delivers First Shipment of Chicken Carcasses to Singapore

Singapore turned to Indonesia for its chicken meat supplies after Malaysia abruptly halted the exports of chicken-based commodities.
Business Jul 13, 2022 | 10:40 pm

G20 to Tackle Soaring Global Food Price

Global wheat supply from Russia and Ukraine had been hindered by their war and Western subsequent sanctions against Russia.
Business Jul 9, 2022 | 11:06 am

Gov’t Launches Affordable Cooking Oil Product

Called Minyakita, the new product will be sold in simple packaging at only Rp 14,000 ($1) a liter.
Business Jul 6, 2022 | 8:08 pm

Indonesia to Export 200,000 Tons of Rice Next Month

China and Malaysia are among the countries to expect rice shipments from Indonesia soon.
Business Jun 17, 2022 | 2:30 am

Indonesia to Resume Palm Oil Exports on Monday

The government has decided to lift the ban on cooking oil exports on May 23, as domestic supply increased.
Business May 19, 2022 | 7:32 pm

Export Ban Only Affects Cooking Oil Raw Material Until Domestic Price Falls Below $1 A Liter

Almost three-quarters of Indonesia's palm oil output can still be exported and fetch higher prices in the international market.
Business Apr 27, 2022 | 4:00 pm

Indonesia's Tesla Dream Kept Alive After Senior Minister Meets Elon Musk

Indonesia also invites Musk to attend the G20 Summit in Bali in November.
Business Apr 26, 2022 | 5:21 pm

President Jokowi Announces Ban on Edible Oil Export

The surprise edible oil export ban is effective from April 28 until further notice.
Business Apr 22, 2022 | 6:57 pm

Indonesia Sees Decline in Palm Oil Export

Indonesia exported 27,000 tons of CPO in February, down from 63,000 tons in the previous month.
Business Apr 20, 2022 | 11:44 am

Indonesia Enjoys The Highest Crypto Adoption Rate Worldwide: Study

About 41 percent of Indonesians, aged 18 to 75 years old with an annual income of more than $14,000, own crypto assets.
Business Apr 4, 2022 | 12:26 pm