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The Asian Affairs > Latest News > Palm oil

Tag Archives: Palm oil

what happens to the world when indonesia stops exporting palm oil
Indonesia

What Happens to the World when Indonesia Stops Exporting Palm Oil

By Desk Writer
March 30, 2024
in :  Indonesia

Amid an ongoing global food price crisis, vegetable oils are registering record-breaking highs. The recent ban on palm oil exports by Indonesia, the world’s largest palm oil exporter, has sent shockwaves through agri-food markets. Let’s explore the implications of this unprecedented decision. The Vegetable Oil Crisis Price Surge: Vegetable oil prices have soared to almost 250% of standard levels due …

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Malaysia warns of lower Q3 palm oil prices as Indonesia cuts export tax
Economy

Malaysia warns of lower Q3 palm oil prices as Indonesia cuts export tax

By Noto
July 25, 2022
in :  Economy, Indonesia, Malaysia

The Malaysian minister of commodities predicted on Monday, July 25th, that prices for crude palm oil would remain low for the majority of the third quarter of this year. His comments came shortly after a competing producer, Indonesia, eliminated its export levy. “This is inevitable in light of stiffer competition from Indonesia – the world’s largest palm oil producer – …

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Indonesian palm oil business wants export restrictions eased
Business

Indonesian palm oil business wants export restrictions eased

By Katherine S
July 15, 2022
in :  Business, Indonesia

INDONESIA: The upcoming harvest season is expected to keep inventories full, therefore the Indonesian palm oil industry is pleading with authorities to reduce export restrictions and levies so that it can sell produce that otherwise risks going to waste. Prices have fallen by nearly half since late April to their lowest level in over a year as the world’s largest …

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Malaysia's June-end palm oil inventories rise as shipments slow
Business

Malaysia’s June-end palm oil inventories rise as shipments slow

By Noto
July 12, 2022
in :  Business, Malaysia

MALAYSIA: Malaysia’s palm oil stocks hit a seven-month high at the end of June, as exports were curtailed by Indonesian measures aimed at boosting its own shipments, according to statistics released by the industry regulator on Tuesday. According to the Malaysian Palm Oil Board, inventories jumped 8.76 percent from the previous month to 1.66 million tonnes, the highest since November …

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Trade Minister dismissed after palm oil export disaster
Indonesia

Trade Minister dismissed after palm oil export disaster

By Noto
June 16, 2022
in :  Indonesia

Indonesia – Indonesian President Joko Widodo argued over a series of policy U-turns on palm oil exports when the cabinet was reorganized on Wednesday. The Minister of Trade was dismissed. Zulkifuri Hasan, the leader of the National Delegation Party (PAN) and  former Minister of Forestry, has been appointed as the  new Minister of Trade of the country. His predecessor, Muhammad …

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Indonesia
Indonesia

It’s Time Patronize the Own Production of Palm Oil

By Noto
April 30, 2022
in :  Indonesia

Indonesia – Indonesia has shut down all palm oil and its subordinates products to drive cooking oil costs to beneath $1 at nearby business sectors. He shared that he needs to stress that for the public authority, individuals’ essential necessities hold the main thought. That is the most elevated need in each navigation. Indonesians have been battling to purchase cooking …

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Indonesia
Geo Politics

Indonesia’s Palm Oil Production has a Great Contribution in the Country and It Matters

By Noto
April 26, 2021
in :  Geo Politics, Indonesia

Indonesia’s food and refreshment industry, especially palm oil, has contributed essentially to the nation’s fares, notwithstanding base metal industry and substance item and compound industry. The food and refreshment industry contributed US$9.69 billion, the base metal industry at US$5.87 billion, and the substance item and compound industry adding up to US$4.18 billion. The food business’ fare esteem is overwhelmed by …

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biodiesel
Indonesia

Watch Out as Environmental Alert for Indonesia’s Biodiesel is being Observed

By Noto
February 9, 2021
in :  Indonesia

It’s only the second month of the year and there’s something urgent to deal with as Environmentalists have cautioned that Indonesia’s aggressive biodiesel scheme would raise the likelihood of deforestation as more tropical forests will be cleared to cultivate palm oil, encouraging lawmakers to enforce a long-term ban on new plantations. Indonesia which is the home to the third largest …

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exports
Business

Retno Marsudi: A Call for Fair Treatment in Palm Oil Production

By Noto
December 2, 2020
in :  Business, Indonesia

The Indonesian Palm Oil Association (Gapki) recently announced that Indonesia’s exports of crude palm oil and its derivatives increased three percent to 2.76 million tons in September this year from 2.68 million tons in August. Export volume growth was attributed to an increase in exports to countries such as China, Brazil, Malaysia, Russia, and Africa, Gapki CEO, Mukti Sardjonoo. While …

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Palm oil
Malaysia

US bans Palm Oil imports from Malaysia’s FGV

By Katherine S
October 1, 2020
in :  Malaysia

KUALA LUMPUR – The United States on Wednesday announced it will be banning imports of palm oil from Malaysian company FGV Holdings citing an investigation have uncovered indication that it is using forced labor in the production process. Executive assistant commissioner of CBP’s Office of Trade Brenda Smith said that they are issuing a Withhold Release Order on all palm …

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