Tropical insights

Indonesia's exports of crude and refined palm oil rose 62.2% in February from the previous month to a four-month high, Reuters reported, citing statistics from the country's customs office. The increase in the figures was due to Jakarta's decision to reduce export duties on palm oil earlier. According to the agency, Indonesia exported 2.06 million

REPUBLIKA.CO.ID, JAKARTA -- Researcher at the Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia (LPEM FEB UI) Eugenia Mardanugraha suggested the need for good palm oil management in order to maintain the image of Indonesian palm oil and the investment climate in the eyes of the world. "As the largest palm oil producer in the world, excessive confiscation accompanied by sealing of palm oil plantations that are considered illegal will worsen Indonesia's image in the eyes of the world, especially for European countries," said Eugenia in a statement in Jakarta, Sunday (30/3/2025). She said that the legal uncertainty in the future will disrupt the investment climate in Indonesia. The policy also endangers investors. She said that Europe often makes black campaigns for Indonesian palm oil, such as accusations of child exploitation, deforestation, and others. Black campaigns like that, according to Eugenia, have lowered ...

Malaysian palm oil futures increased for a third session on Friday, supported by strength in overnight Chicago soyoil following a report that US oil and biofuel producers agreed in principle to raise the mandate for renewable diesel and biodiesel. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 69