Biodiesel Market Price Index for January 2019

MINISTRY of Energy and Mineral Resources has announced Biofuel Market Price Index (MPI), included biodiesel and bioethanol for period of January 2019 and it goes into effect on 1 January 2019. [googlepdf url=\`http://www.bpdp.or.id/wp-content/uploads/2018/12/Besaran-HIP-Bulan-Januari-2019-CAP.pdf\` download=\`Download\` width=\`600\` height=\`800\`]
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Palm Oil Export to China to Remain High Without Tariff Cut

CHINA\'S policy to cut import tariff on soybean, canola, and sun flower will not adversely affect palm oil import from Indonesia, given the fact that the commodities are mostly used for animal feed. "The policy is mainly for products of soybean, canola, and sun flower that are often used for animal feed so that it will not affect significantly Indonesian palm oil export," Executive Director of the Indonesian Palm Oil Association (Gapki) Mukti Sardjono, Wednesday (26/12/2018) as reported by Sawit Indonesia. As reported earlier by South China Morning Post, (26/12/2018), China will cut import tariff on more than 700 products, not included palm oil, starting from 1 January 2019.
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China Cuts Tariffs on More Than 700 Goods

China will lower import taxes on more than 700 goods from January 1 in another round of tariff cuts as part of its efforts to open up the economy and lower costs for domestic consumers. There will also be cuts to some export tariffs, and temporary import tariff rates will be as low as zero for some goods, the Ministry of Finance said in a statement on Monday. The temporary rates can be changed ad hoc and can be lower than the current Most-favoured nations (MFN) standard, although they are also available to all World Trade Organisation members. This is the third round of tariff cuts announced this year as China looks to cut costs for consumers and implement President Xi Jinping\'s promises to open up further. US exports will receive the benefit of the reductions as well, although most products will still be subject to the retaliatory tariffs until there is a breakthrough in the ongoing talks. With tariffs on US soybeans stopping a key source of edible meal often used for animal feed, China will implement zero tariffs on imports of a variety of meals including sunflower and canola.
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Govt Needs to Revamp Palm Oil Licensing at Local Level

PALM oil stakeholders made recommendation for the government to revamp regulations and permits in palm oil sector, given the fact that there are many overlapping regulations at local level hampering palm oil development. Vice Chairman of the Indonesian Palm Oil Association (Gapki) for Organization Affairs Kacuk Sumarto said there are a number of regulations handled at local level that need to revamp.
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Indonesia-India Join Hands to Promote Sustainable Palm Oil

INDONESIAN and Indian palm oil and vegetable oil producers has agreed to promote sustainable palm oil framework adopted by the two countries, namely Indonesian Sustainable Palm Oil (ISPO) and Indian Palm Oil Sustainability Framework (IPOS). The agreement was reached at the meeting between Indonesian Palm Oil Board (DMSI), The Solvent Extractors\' Association India (SEA India) and Solidaridad Network Asia Limited (SNAL) which was facilitated by Coordinating Ministry of Economic Affairs in Jakarta, Wednesday (19/12/2018). "This is a business to business meeting.
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Indonesia-India Seek Solution on Palm Oil Trade Issues

PALM oil stakeholder from Indonesia and India gathered in Jakarta, Wednesday (19/12/2018), to discuss implementation action of MoU between the Solvent Extractors Association of India (SEA), Indonesian Palm Oil Board (DMSI), and Solidaridad Network Asia Limited (SNAL). "Today we discussing actions we would take on the MoU," Deputy Minister for Food and Agriculture, Coordinating Ministry of Economic Affairs, Musdhalifah Machmud said. Generally, the meeting was to discuss global challenges in palm oil trade, particularly between partners in Asia.
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