Introduction
Indonesia is now experiencing a bonus demographic population characterized by a growing middle class. This phenomenon has caused increasing demand for beef, where more than 98% of beef cattle production is managed by smallholder farmers. The national policy has been focused on...
Comment
You may also like
2017.01.10
7,485
2019.07.11
2,416
INTRODUCTION
World palm oil production is dominated by Indonesia and Malaysia, which supply 85-90% of the world's total palm oil production. Indonesia is the largest producer and exporter of palm oil. This industry also contributes the largest foreign exchange to Indonesia, which is...
2017.05.02
4,953
INTRODUCTION
A sharp increase in of palm oil imports from Malaysia over the past two years causes more Myanmar consumers to switch from relatively costly peanut oil to a cheaper one. Imported palm oil is nearly as good as peanut oil, has a clear color and the price is so cheaper that many people...
Indonesia is likely to export 12% less palm oil in 2020 than previously expected, an official at the country's Estate Crop Fund (BPDP), a government agency in charge of collecting and managing palm oil export levies said on Wednesday.
"Right now, it is rather difficult to export as some countries are in lockdown," Fajar Wahyudi, head of the fund disbursement division at BPDP told a virtual briefing.
"We project that there will be a decline in palm oil exports by more or less than 12% (than previously expected)," he said.
He did not say what BPDP's original exports forecast for 2020 was.
"Hence, the B30 program is an excellent alternative in absorbing our palm oil. This way, crude palm oil prices and welfare of the farmers will be maintained," Wahyudi added.
Read more here.