Indonesia

INDONESIA: The upcoming harvest season is expected to keep inventories full, therefore the Indonesian palm oil industry is pleading with authorities to reduce export restrictions and levies so that it can sell produce that otherwise risks going to waste. Prices have fallen by nearly half since late April to their lowest level in over a year as the world’s largest …

INDONESIA: For the time being, Indonesia has halted the recruitment of its people to work in Malaysian plantations, claiming a breach of a worker recruitment agreement struck between the two nations on Wednesday (July 13). As the world’s second-largest palm oil producer and a vital supply chain component, Malaysia is now dealing with a labor shortfall of approximately 1.2 million …

INDONESIA: Fifty tons of frozen chicken from Indonesia arrived in Singapore on Wednesday (Jul 13). Indonesian enterprises will now be able to export chicken to Singapore for the first time under a new arrangement. According to Charoen Pokphand Indonesia (CPI), the Thai food conglomerate’s unit in Indonesia, it has signed a contract with an importer in Singapore for the supply …

INDONESIA: On Wednesday (July 13), Indonesia will begin exporting chicken goods to Singapore, according to an Indonesian Ministry of Agriculture official. Charoen Pokphand’s Indonesian subsidiary, Mdm Tri Mela Sari, a director at the ministry, confirmed to CNA that the first shipment will consist of frozen chicken meat from Indonesia. The volume of exports is still a mystery. “On Wednesday, July …

INDONESIA: An Indonesian Foreign Ministry official urged the G20 to assist end the Ukraine conflict on Friday (Jul 8) at a summit that brought together some of the most vocal critics and Russia’s top ambassador. It’s been “business as usual” in the run-up to the Bali forum, with top Western and Japanese officials underlining that the war and its impact …

INDONESIA: “Really soon,” Indonesia’s Ministry of Agriculture responded in answer to CNA’s questions on Wednesday, when asked about Indonesian chicken exports to Singapore (Jul 6). It also stated that additional enterprises are working with the government to get licences for the exportation of poultry. Earlier this month, Singapore stated that Indonesia had been added to its list of countries from …

INDONESIA: As a council member in a plantation area warned farmers faced an “emergency” owing to falling prices, Indonesia upped the palm oil export quota on Tuesday (Jul 5), hoping to curb soaring inventories of the edible oil. After a three-week export embargo that ended on May 23 resulted in a significant buildup of domestic stockpiles and outraged farmers by …

INDONESIA: Almost a decade ago, Indonesia was dubbed one of the “Fragile Five” developing markets, a group of countries whose economies are particularly sensitive to capital flight and a depreciation of their currencies in response to an increase in global interest rates. The greatest economy in Southeast Asia and its capital markets have shown extraordinary resilience during a new wave …

INDONESIA: Indonesia and the United Arab Emirates signed a free trade deal on Friday (Jul 1), enhancing economic links between the two countries. The agreement, signed during Indonesian President Joko Widodo’s visit to Abu Dhabi, eliminates or significantly reduces taxes on most commodities exchanged between the Muslim countries. A reduction or elimination of duties on Emirati petrochemical and rubber products …

INDONESIA: Russian President Vladimir Putin received a message from Ukrainian President Volodymyr Zelenskyy through Indonesian President Joko Widodo, who was in Moscow on Thursday (Jun 30). Putin met with Indonesian President Joko Widodo more than four months after Moscow launched a military attack in Ukraine. Currently preparing to host the G20 summit in Bali in November, Indonesia is the rotating …