JAKARTA- Finance Minister Sri Mulyani Indrawati has just appointed two new directors of the Indonesia Oil Palm Plantations Fund Management Agency (BPDPKS), Thursday (3/10/2019), hoping that they could restore Indonesian palm oil\'s reputation in the world. Two new BPDPKS\' directors are Kabul Wijayanto as Director of Planning and Fund Management; and Sunari as Director of Fund Collection.

BIODIESEL Market Price Index (MPI) for October 2019 is set higher as Crude Palm Oil (CPO) price has risen.

The second batch of Journalist Fellowship Program organized by the Indonesia Oil Palm Plantation Fund Management Agency (BPDPKS) continued with traveling abroad to participate in palm oil related events.

INDONESIA and the Netherlands have entered into a memorandum of understanding on joint production on sustainable palm oil, enabling smallholder farmers to improve their capacity on sustainable farming.

Palm oil prices in 2020 are forecast to rise on global turmoil and biodiesel mandate in Indonesia, Dorab Mistry, Director of Godrej International, said in Globoil India 2019. Speaking at a conference with the theme "World Supply Demand and Price Outlook of Oils for 2019-2020", Mistry said Malaysian palm oil prices have further room to rally, with third-month futures climbing to 2,500 ringgit (US$596) per ton by March. According to Mistry, price outlook will depend on Brent crude oil prices and implementation of biodiesel program in Indonesia.

The Government of Indonesia and palm oil companies have come out with strategic actions to promote palm oil export to India.

The government of Indonesia has decided not to collect palm oil levies until 1 January 2020 as the government begins implementation of mandatory B30 program. Economic Coordinating Minister Darmin Nasution, said on Tuesday, (24/29/2019), that the Steering Committee of the Indonesia Oil Palm Plantation Fund Management Agency (BPDPKS) had held a meeting and made decision to suspend levies collection even it was still applicable. "CPO export levies are suspended, even the reference price is above the threshold of US$57, we are not collecting it until 1 January 2020," Darmin said. Based on the Finance Ministry Regulation No 23/PML.05/2019, BPDPKS will not collect levies on palm oil, CPO, and its derivatives export when CPO prices are below a threshold of US$570 per ton, but will charge between US$5, US$10, US$15, US$20, US$25 once CPO prices are in a range of US$570-US$619 per ton.

INDONESIA participated in the 16th China-ASEAN Expo (CAEXPO), eyeing increased exposure and enhancing exports to China and fellow Association of Southeast Asian Nations (ASEAN) countries.

Indonesia sees China as a good partner for palm oil trade as the country has a lot more room for growth.

MINISTRY of Communication and Informatics (MCI) collaborated with Ministry of Environment and Forestry (MEF) set up a media centre to provide information on forest and lands fires in Indonesia.

THE Indonesia Oil Palm Plantation Fund Management Agency (BPDPKS) expressed its sympathy and sadness for forest and land fires in some places in Indonesia.

HAVING successfully held in some cities, a promotional event for millennials has once again held in Surabaya, East Java.