CPO Export Levy Removed Temporarily, Oil FFB Prices Crawled Up

The Indonesian Palm Oil Farmers Association (Apkasindo) noted that the price of fresh fruit bunches (FFB) has climbed to above Rp 1,000 per kg earlier this week. The increase in FFB prices was driven by the government’s policy regarding the Export Levy (PE) of crude palm oil (CPO) of 0% which was applied from July […]

Palm Oil News – How to Accelerate CPO Exports, Export Multiplier Ratio So 7 Times

InfoSAWIT, JAKARTA – In order to accelerate exports of crude palm oil (CPO), Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan asked the Ministry of Trade (Kemendag) to increase the ratio of the export multiplier for CPO and cooking oil raw materials to seven times the domestic market obligation (DMO). . This step, […]

Palm Oil News – 130 Palm Oil Companies Registered at SIMIRAH 2

InfoSAWIT, JAKARTA – As of July 1, 2022, 130 companies have registered with the Bulk Cooking Oil Information System (SIMIRAH) 2.0. From the official statement received by the Ministry of Industry, InfoSAWITSunday (3/7/2022), it was stated that of the total there were 51 crude palm oil (MSM/CPO) producers and 79 palm cooking oil (MGS) producers. […]

We invite Russia to further aggression, says the Lithuanian minister

Lithuania, with a population of less than three million, has become one of Ukraine’s largest allies in recent months, invading aggressive Russia. Foreign Minister Gabrielius Landsbergis is a vocal supporter of the harsh attitude towards the Kremlin regime, with which the Baltic state has many years of unfortunate experience. Lithuania also managed to stand up […]

The Netherlands exported more goods in April after contraction in March | NOW

Dutch exports grew by 2.8 percent in April compared to a year earlier, Statistics Netherlands reported on Tuesday. A month earlier, exports still shrank by 1.5 percent. Imports also increased last month, an increase of 1.6 percent. But CBS expects some bumps in June. The fact that both imports and exports grew in April is […]

China Stock Market: Shanghai Composite opened negative 4.3 points | RYT9

The Shanghai Composite Index, China’s stock markets opened negative today. As investors keep an eye on China’s trade disclosures The Chinese customs office will release the figures for May exports, imports and trade balance at 10:00 a.m. time. The Shanghai Composite Index opened today at 3,259.49, down 4.3, or -0.13%.