Palm Oil

Indonesia Launches Its First Red Cooking Oil Facility

In a significant stride for Indonesia’s palm oil industry, production has commenced at the nation’s inaugural red cooking oil facility. The Indonesian Palm Oil Association (GAPKI) heralded the news, indicating a promising future for the sector. Government-Backed Initiative Officially inaugurated by Indonesian President Joko Widodo, the newly operational plant, located in North Sumatra, marks the …

Indonesia Launches Its First Red Cooking Oil Facility Read More »

Indonesia Raises Allocation of 2024 Palm-Based Biodiesel

Indonesia Raises Palm-Based Biodiesel Allocation Amidst Shifting Trends In the ever-evolving landscape of Chemical News and industry developments, a recent update from Indonesia takes center stage. The Indonesian government, in a move reported by AgriCensus, has increased the allocated volume of palm-based biodiesel for 2024 by 1.96%, rising from the previous year’s 13.1 billion liters …

Indonesia Raises Allocation of 2024 Palm-Based Biodiesel Read More »

Indonesia Plans to Transform 200,000 Hectares of Oil Palm Plantations Back into Forests

Indonesia, the leading palm oil producer and exporter globally, recently unveiled an ambitious plan to reclaim approximately 200,000 hectares of oil palm plantations situated in areas designated as forests. This significant initiative is part of the country’s broader efforts to address environmental concerns surrounding plantations operating in forest-designated regions. The move follows the introduction of …

Indonesia Plans to Transform 200,000 Hectares of Oil Palm Plantations Back into Forests Read More »

Palm Oil Prices Expected to Increase to $850 per Tonne or Beyond in the Coming Year

Anticipated increases in global palm oil prices are forecasted to reach approximately US$850 per tonne or higher in the coming year, as experts discussed at the International Palm Oil Congress and Exhibition (PIPOC) held on November 7-9. Projections by Ivy Ng Lee Fang, the Head of Malaysia Research and Regional Head of Agribusiness Research at …

Palm Oil Prices Expected to Increase to $850 per Tonne or Beyond in the Coming Year Read More »

Indonesia launched its Own Crude Palm Oil Exchange

The Indonesian Crude Palm Oil (CPO) Exchange has been formally launched by the government via the Ministry of Trade (Kemendag). The Indonesia Commodity & Derivatives Exchange (ICDX) Group has been formally designated by the Commodity Futures Trading Regulatory Agency (Bappebti) as the exchange’s organizer for crude palm oil (CPO). The man who goes by Zulhas …

Indonesia launched its Own Crude Palm Oil Exchange Read More »