The Netherlands reaffirmed its commitment to support the production and use of sustainable palm oil in Indonesia by signing MoU with Indonesia on the implementation of knowledge and technology improvement program for local oil palm farmers.

Crude Palm Oil (CPO) utilization is predicted to shift from oleofood and oleochemcial to biohydrocarbon industry in the five years to come. Traditionally, oleofood and oleochemical industry uses more CPO than other industries.

Research and Development Agency of Ministry of Energy and Mineral Resources (MEMR), the Indonesia Oil Palm Plantations Fund Management Agency (BPDPKS), PT Pupuk Indonesia, PT Pertamina, and Bandung Institute of Technology (ITB) have signed a memorandum of understanding (MoU) to collaborate on research and development on biofuel.

Indonesian government lowered export reference price for crude palm oil (CPO) to US$786,63/ton in March 2020, down 6,32% from US$839,69/ton in February 2020.

President Director of BPDPKS Eddy Abdurrachman planned to strengthen coordination and communication among stakeholders to improve quality of the Oil Palm Tree Replanting Program.

Ministry of Energy and Mineral Resources has announced Biofuel Market Price Index (MPI), included biodiesel and bioethanol for period of March 2020 and it goes into effect on 1 March 2020. Biodiesel MPI is set at Rp8.933 per liter and bioethanol at Rp10.384 per liter.

Indonesia\'s Finance Minister Sri Mulyani Indrawati has appointed Eddy Abdurrachman as the new President Director of the Indonesia Oil Palm Plantations Fund Management Agency (BPDPKS), replacing Dono Boestami.

Indonesian government plans to start using biodiesel 40% (B40) by July 2021. Coordinating Economics Minister Airlangga Hartarto asked the Agency for the Assessment and Application of Technology (BPPT) to be ready for the test.

Indonesian and Indian Government held a billateral talk to discuss trade between the two countries, including on palm oil, betel palm, and Indian jewellery products.