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2017, Palm Oil Commodity Predicted to Still Fluctuate

25

Nov

2017, Palm Oil Commodity Predicted to Still Fluctuate

"The economic growth prospect for next year will at best be no better than this year, or even worse. This will affect the demand for and price of [...]

2017, Palm Oil Commodity Predicted to Still Fluctuate. `The economic growth prospect for next year will at best be no better than this year, or even worse. This will affect the demand for and price of commodities, including palm oil,` said Iwan at the 12th Indonesian Palm Oil Conference (IPOC) 2016 at the Bali International Convention Center (BICC) Nusa Dua, Bali, on Thursday (24/11).

Iwan said, global economic growth next year is projected to be around only 3 percent or even below. Meanwhile, global economic growth this year is predicted to only reach around 3 percent or slightly above.

The sluggish global economic growth will definitely cause a number of countries that usually import crude palm oil (CPO) to reduce demand.

Automatically, low demand will cause CPO prices to fail to return to their glory days, which once reached US$750 per ton. However, Iwan refrained from predicting the CPO price range next year.

These three factors, said Iwan, are actually very compelling. This is because, Iwan noted, the CPO trade value has made a major contribution to global economic growth from the other side.

However, Iwan sees that there is still another potential, which, although not large, has an upward trend, namely the biofuel and biodiesel commodities.

`The opportunities are biofuel and biodiesel. But it depends on the target developed countries, because they want to abandon fossil fuels and substitute them with biofuel and biodiesel,` said Iwan.

Furthermore, said Iwan, this potential is still quite strong in the Indonesia-US trade relationship.

Unaffected by Donald Trump

Iwan said, the Indonesia-US biofuel and biodiesel trade has good potential in 2017. This is because the US is one of the countries that has a major interest in substituting fossil fuel use with more environmentally friendly ones.

He also dismissed the negative sentiment on the Indonesia-US trade, even though Donald Trump, the winner of the 45th US Presidential Election, prioritizes the import of fossil fuels.

`The private sector will drive the export of biofuel and biodiesel. Trump could change (from prioritizing the use of fossil fuels) because of pressure from the government to reduce US dependence on fossil fuels. It is inevitable, with Trump or without Trump, that biofuel and biodiesel will be prioritized,` explained Iwan. (gir)
https://cnnindonesia.com/ekonomi/20161125012721-85-175124/2017-komoditas-sawit-diprediksi-masih-kembang-kempis/

Minister Susi restructures KKP employees with “golden handshake

24

Nov

Minister Susi restructures KKP employees with “golden handshake"

"We made a golden handshake with great options,", said Minister Susi in the office of the Ministry of Marine Affairs and Fisheries, [...]

Minister Susi restructures KKP employees with “golden handshake". "We made a golden handshake with great options,", said Minister Susi in the office of the Ministry of Marine Affairs and Fisheries, Jakarta, Wednesday.According to Susi, she has negotiated with the Ministry of State Apparatus Empowerment and Bureaucratic Reforms (KemenPAN-RB) to provide full incentives in the "golden handshake" program.According to the Minister, this could be a solution for employees who want to set up a medium-scale business.Susi revealed that she had successfully negotiated with the Minister of State Apparatus Empowerment and Bureaucratic Reforms to provide a 100 percent allowance."This is an extraordinary success. The original value was only 25 percent. This is an achievement," she said.She believes that with the money from the golden handshake program, employees will be able to establish a medium-scale business.Susi revealed that from the results of the golden handshake program, 30 percent of the total vacancies for civil servants (PNS) will be given to outstanding young people from the best universities in Indonesia.On the same occasion, Susi also expressed concern over the current poor state of Indonesian politics in the last 1-2 months.This is considered to affect the state's financial situation and the growth of Indonesia's Gross Domestic Product (GDP). Therefore, he advised all Ministry of Marine Affairs and Fisheries employees to economize in the use of the National Budget (APBN)."Let me remind you that we cannot afford to be skeptical about the budget. We should be concerned and come up with solutions for the state. I ask that unnecessary trips be curtailed," she said.Susi believes that if all ministries do this, the government can save around Rp300-400 trillion each year.She said that State Budget savings can also be allocated to community assistance, either in the form of goods or infrastructure development.
Editor: B Kunto Wibisonohttp://www.antaranews.com/berita/597837/menteri-susi-restrukturisasi-pegawai-kkp-dengan-golden-shakehand

Government asks for acceleration of palm oil rejuvenation

24

Nov

Government asks for acceleration of palm oil rejuvenation

"The increase of people's plantation productivity becomes priority, and the funding support from BPDP needs to be increased for the acceleration of [...]

Government asks for acceleration of palm oil rejuvenation. `The increase of people's plantation productivity becomes priority, and the funding support from BPDP needs to be increased for the acceleration of rejuvenation,` Agriculture Minister Andi Amran Sulaiman uttered in Nusa Dua, Bali, on Wednesday. In 2016, BPDP-KS allocated a rejuvenation funding for 100,000 hectares of farmers' land. However, the absorption for the rejuvenation is still considered low because it is constrained by legality of land that is difficult to be fulfilled by people's farmers. The constraint is caused by the requirement set by BPDP-KS that the people's farmers who receive the oil-palm rejuvenation funding assistance should form a farmers group in order for the rejuvenation process to be more efficient. Moreover, farmers also need to establish a cooperative, and have a legal land title certificate and have the potential to obtain the Indonesia Sustainable Palm Oil System (ISPO) certificate. The obstacle in increasing the productivity of people's plantation, Amran said, based on the Minister of Environment and Forestry, is due to overlapping with forest areas. The problem needs to be solved in order to provide legal certainty and acceptability by bank loans. `Meanwhile, for the oil-palm plantation in peatland, the implementation of sustainable peat management needs to be enhanced with the objective to increase productivity and prevent land fires,` Amran said. In addition, the government considered that the oil palm rejuvenation program can be carried out by integrating land either owned by farmers or company. The integration program takes form of oil-palm plantation integration with cow breeding and still using funding from BPDP-KS. It was recorded that during the period of January to August 2016, BPDP-KS had collected funds of Rp7.19 trillion from oil-palm export levy collection. While in July to December 2015, the collected funds amounted to Rp6.9 trillion, so that the total collected funds reached Rp14.1 trillion since the establishment of the agency in July 2015. BPDP-KS has channeled 71 percent of the total obtained funds for biodiesel subsidy program. Until June 2016, the total subsidy for biodiesel reached Rp6.52 trillion, so that the majority of funds released by BPDP-KS were for biodiesel subsidy and not for plant rejuvenation.In the period of July to December 2015, from the total amount of collected funds of Rp6.9 billion, the majority was used to pay for the biodiesel price difference subsidy. It was recorded that the biodiesel subsidy payment reached Rp467.21, research of Rp10.25 billion, and for the rejuvenation of only Rp623.5 million.
Editor: Ruslan BurhaniReporter: Vicki Febriantohttp://www.antaranews.com/berita/597853/pemerintah-minta-percepatan-peremajaan-sawit

PT. KPB Nusantara Conducts Tree Planting in Ragunan Wildlife Park

23

Nov

PT. KPB Nusantara Conducts Tree Planting in Ragunan Wildlife Park

as part of a series of activities for the 7th anniversary celebration themed "Caring for the Environment for a Better Tomorrow". This activity is a [...]

Indonesian Cocoa Day: a momentum to increase local chocolate consumption

22

Nov

Indonesian Cocoa Day: a momentum to increase local chocolate consumption

"Although organized in a simple way, it is hoped that the commemoration of Indonesian cacao day this year will keep the spirit of the entire [...]

Indonesian Cocoa Day: a momentum to increase local chocolate consumption. `Although organized in a simple way, it is hoped that the commemoration of Indonesian cacao day this year will keep the spirit of the entire stakeholder in developing national cacao,` Panggah said.The series of events that will be carried out are a cacao and chocolate product exhibition, an announcement of the best cacao beans of 2016, and a seminar as well as a workshop on cacao.Panggah delivered, at the moment the consumption of cacao by Indonesian people is still relatively low at an average of 0.4 kg per capita per year, and this is far lower if compared with the consumption in Asian nations such as Singapore and Malaysia which has reached 1 kg per capita per year.`One of the efforts to increase chocolate consumption is through a promotion that is carried out both domestically and abroad, as well as through the Indonesian Cacao Day Commemoration movement,` he explained.Indonesian Cacao Day Commemoration has become a tradition for all of the stakeholders of Indonesian cacao and chocolate that is celebrated every year since 2012.  `Hopefully this activity can be carried out every year, so that domestic chocolate consumption can increase in line with the growth of the downstream processed cacao industry in Indonesia,` Panggah said.
Editor: Jafar M Sidik
http://www.antaranews.com/berita/597479/hari-kakao-indonesia-momentum-tingkatkan-konsumsi-cokelat-lokal

Tanker explodes in Batam, oil theft suspected

22

Nov

Tanker explodes in Batam, oil theft suspected

"After an investigation by the Riau Islands Regional Police, the ship was found to have another name, MT Fajar. The tanker was used to steal oil in [...]

Tanker explodes in Batam, oil theft suspected. `After an investigation by the Riau Islands Regional Police, the ship was found to have another name, MT Fajar. The tanker was used to steal oil in Karimun,` said Riau Islands Regional Police Chief Brigadier General Sam Budigusdian in Batam on Monday. The tanker was ordered by O, an employee of a hotel in Batam, at the behest of the hotel owner who was also the ship owner, to sail to Karimun on October 28. After several hours of sailing, it arrived in the area behind the Karimun Customs Office at approximately 11:00 p.m. WIB. Next, the ship took on oil from MT Tobanganen, which was evidence in a smuggling case still pending in court until it was completed on October 29 at approximately 4:30 a.m. WIB.  `Next, the tanker sailed to OPL on the instructions of the suspect O and was sold. Next, the ship sailed to Batam,` he said. The Riau Islands Regional Police, he said, will also summon the KPLP and the Prosecutor's Office for questioning in the case. `Eight suspects have been named in this case from the ship's crew, including O who gave the orders,` said Sam. After the ship was in Batam and undergoing repairs, it exploded, killing one person and seriously injuring three others. `This was due to negligence because the ship was not completely clear of oil and yet repairs had begun, which ultimately led to the explosion,` he said. Previously, the Karimun Police in the Riau Islands Province stated that the seals on the storage tanks for the MT Tabonganen 19 GT 757's crude oil or CPO, the cargo of which is suspected to have been stolen, were broken. Karimun Police Chief AKBP Armaini in Tanjung Balai Karimun said that several investigators had boarded the Indonesian-flagged tanker as a follow-up to the report filed by the Tanjung Balai Karimun District Prosecutor's Office on Monday (14/11) regarding the disappearance of evidence in the form of thousands of barrels of the ship's CPO cargo.He said that the volume of crude oil in the ship's hull would be remeasured as part of the investigation process in the case.
Editor: Tasrief Tarmizi
http://www.antaranews.com/berita/597404/tanker-meledak-di-batam-terlibat-pencurian-minyak

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