Many Countries Stop Wheat Exports, Jokowi Starts Printing 154 Thousand Hectares of Land for Sorghum
TEMPO.CO, Jakarta – President Joko Widodo or Jokowi is ready to print 154,000 hectares of land to plant sorghum until his term ends in 2024. This policy was taken because Indonesia as a wheat importer now has to face prolonged export bans from several producing countries. “We have to develop substitute crops from wheat,” said […]
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 […]
Regent Wants to Collect IDR 25 per Kilogram of Palm Oil Harvest, Farmers: Very Heartbreaking
TEMPO.CO, Jakarta – Chairman of the Palm Oil Farmers Association (Apkasindo) Gulat Manurung responded to the desire of the regents of oil palm producing areas to collect Rp. 25 per kilogram of farmers’ crops. Gulat said 17 million oil palm farmers were saddened to hear the information because it was released at the wrong time. […]
Palm Oil News – Here are some directives from Coordinating Minister Luhut to Raise Palm Oil FFB Prices
InfoSAWIT, JAKARTA – In the Coordinator Meeting (Rakor), the Ministry of Maritime Affairs and Investment (Kemenko Marvest), concluded several steps that the government will take in an effort to normalize the price of Oil Palm Fresh Fruit Bunches (FFB). In the coordination meeting, it was agreed that several steps would be taken by the government, […]
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. […]
State-owned Pemex increases crude oil exports to the United States and cuts shipments to Europe and Asia – AméricaEconomía
The Mexican state-owned Pemex substantially increased its crude oil exports to the North American market in May, according to the company’s most recent report, which shows a significant cut in shipments to Europe and Asia. Pemex reported that its crude exports in May, which averaged 965,000 barrels per day (bpd), 740,000 bpd went to “America” […]
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%.