Indonesia’s non-oil and gas exports to the five major BRICS nations reached 84.37 billion USD in 2024, accounting for nearly 34% of the country’s total non-oil and gas export value, according to the country’s Central Statistics Agency (BPS).
Indonesia is expanding its oil palm cultivation to increase crude palm oil (CPO) production as a raw material for 50% biodiesel (B50), according to the country’s Ministry of Agriculture.
The governments of Malaysia and Indonesia will hold a meeting to discuss issues related to crude palm oil (CPO) benchmark price, according to Malaysian Deputy Prime Minister and Plantation and Commodities Minister Fadillah Yusof.
Malaysia’s palm oil potential remains intact despite softening crude palm oil (CPO) prices, and its prospects will remain bright in the second half of this year, according to Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin.
The Malaysian government will leverage on the escalating prices of crude palm oil (CPO) to increase the country’s market share of palm oil in the global market, Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin said.
Indonesia, the world’s largest palm oil producer, will begin raising export tariffs on crude palm oil (CPO) in order to support its Government’s compulsory bio-fuel programme.
The Malaysian Palm Oil Board said on its website on December 13 that the country plans to raise its export tax for crude palm oil for January 2020, for the first time in one-and-a-half years.
Analysts remain upbeat on palm oil prices next year after Malaysia's palm oil inventory fell to a three-month low in November and exports to China remained steady.
The Energy Ministry of Thailand has set a time frame to transition to gasohol E20 as the primary petrol grade by early next year to boost the value of commodity crops used in biofuel production.
State-owned railway company PT Kereta Api Indonesia (KAI) Persero is working with private logistic railway service firms Servo Railway and Progress Rail for designing locomotives run on B100 biodiesel.
The government of Indonesia has halted export tax imposed on crude palm oil and its derivative products until next year to ease the financial burdens of palm oil producers amid a drop in prices on the world market.
Indonesia will prioritise importing buffalo meat, rice and raw sugar from India, which agreed to adjust crude palm oil (CPO) tariff for the country earlier this month.
The Thai Government has ordered the Internal Security Operations Command to closely inspect crude palm oil movement along the Thailand-Malaysia border to prevent smuggling from the neighbouring country.
The Thai government is making efforts to sell some of its domestic supply of raw palm nuts and crude palm oil to ease its current high stock of 400,000 tonnes of oil, compared to the normal level of 250,000 tonnes.
The Indonesian government will boycott planes, vehicles and other products from the European Union if it bars the country’s crude palm oil (CPO) from being used as raw material for bio-fuel, a senior minister said on March 20.
Malaysian biodiesel production is likely to hit record levels in 2018 and 2019, with 2018 exports on track to double from 2017, pushed up as higher oil prices boost the appeal of biofuels.
Indonesia’s export volume and value of crude palm oil (CPO) and its derivatives to continue to rise in the next 10 years, predicted Indonesia’s economic analyst Bustanul Arifin.
Indonesian Coordinating Minister for Economy Darmin Nasution and visiting Italian Minister of Economic Development Carlo Calenda have agreed to enhance bilateral economic cooperation during their recent meeting in Jakarta, Indonesia.
The international trade negotiation director general of Indonesia’s Trade Ministry, Iman Pambagyo, has denied rumours that Indonesia will freeze negotiations on the Comprehensive Economic Partnership Agreement (CEPA) with the European Union (EU) due to a recent palm oil resolution issued by the EU parliament.
