Negative sentiments drag CPO price down

Kontan Harian, 16 January 2019 The benchmark crude palm oil contract for March 2019 delivery on the Malaysia Derivatives Exchange rose 0.61% to 2,149 ringgit per metric ton on January 15. Garuda Berjangka Director Ibrahim said that negative sentiments are currently...

Govt accelerates replanting program

Bisnis Indonesia, 16 January 2019 The Agriculture Ministry is optimistic that they can achieve the replanting target of 200,000 hectares of smallholders’ oil palm plantations. Annual Plant and Refreshment Director Irmijati Rachmi said on Monday (January 14) that...

Domestic CPO consumption may reach 35%

Bisnis Indonesia, 10 January 2019 The Indonesian Palm Oil Association (Gapki) predicted domestic crude palm oil (CPO) consumption to hit 35% by 2025 should the government’s mandatory eco-friendly fuel program works well. Gapki Chair Joko Supriyono on Wednesday...

Pakistan as promising new CPO export market

Bisnis Indonesia, 8 January 2019 Indonesian Palm Oil Association (Gapki) Trade and Promotion Head Master P. Tumanggor on Monday (January 7) said the ever-growing demand for crude palm oil (CPO) from Pakistan might compensate for a lack of CPO demand from India and the...

Pressure on CPO price temporarily eased

Kontan Harian, 5 January 2019 The benchmark crude palm oil (CPO) contract for March 2019 delivery on the Malaysia Derivatives Exchange was up to 2,175 ringgit per metric ton on January 4. Monex Investindo Futures analyst Faisyal argued that the CPO price was weakening...

CPO export opportunity to China gets bigger

Bisnis Indonesia, 31 December 2018 Indonesian Palm Oil Association (Gapki) Trade and Promotion Affairs Head Master P. Tumanggor on Friday (December 28) said China’s plan to revoke import levy on palm kernel flour and cake starting from 2019 might strengthen...

CPO price rebounds

Bisnis Indonesia, 31 December 2018 The price of crude palm oil (CPO) has rebounded following India’s plan to cut its import duty starting from January 1. The benchmark CPO contract at the Malaysia Derivatives Exchange (MDE) rose 15 points (0.71%) to 2,120...

Palm oil exports seen lower

Kontan Harian, 20 December 2018 The Indonesian Palm Oil Association (Gapki) estimated crude palm oil (CPO) exports at around $19.50 billion this year, down 19% from $22.97 billion in 2017. However, Gapki Executive Director Mukti Sardjono on Wednesday (December 19)...