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United Kingdom

Bernadette Christina Munthe

Indonesia's March palm output, exports seen higher - survey

26 Apr 2019

By Bernadette Christina Munthe JAKARTA, April 26 Indonesia's palm oil output in March likely rose from a month earlier, while inventories were seen lower on the back of a pickup in exports and domestic consumption, according to a Reuters survey. Palm oil output in top producer Indonesia was seen rising to 3.95 million tonnes in March from 3.80 million tonnes in the previous month, according to the median results of a survey of two palm oil groups and a state palm research firm. Exports were seen at 2.93 million tonnes last month, compared with 2.88 million tonnes in February. Domestic consumption of palm oil likely increased to 1.51 million tonnes last month from 1.26 million tonnes a month earlier, the survey median showed. At the end of March, palm oil stocks were estimated at 2.40 million tonnes, compared with 2.73 million tonnes a month earlier, according to the survey. Survey results in million tonnes: Month Output Exports Inventories GAPKI palm & kernel oils exports March 3.950 2.930 2.400 -- February 3.800 2.880 2.733 2.77 January 3.600 3.045 2.853 3.10 2018 December 3.900 2.900 3.434 2.95 November 3.979 3.000 3.900 2.99 October 3.985 3.029 4.346 3.14 September 4.250 3.055 4.800 2.99 August 4.006 2.827 4.638 2.99 July 3.897 2.887 4.300 2.81 June 3.452 2.477 4.335 2.29 May 3.751 2.600 3.675 2.14 April 3.650 2.650 3.550 2.22 March 3.335 2.500 3.528 2.40 February 3.490 2.480 3.530 2.37 January 3.586 2.737 3.701 2.74 (Writing by Fransiska Nangoy; Editing by Subhranshu Sahu)

Indonesia's Widodo looks set for election victory - challenger says no

17 Apr 2019

JAKARTA Indonesian President Joko Widodo appeared set for a second term as "quick count" results from Wednesday's election rolled in, but his challenger claimed that he had won the popular vote and urged supporters not to let his victory be snatched away. | Video

Indonesia, Malaysia send letter protesting EU palm oil curbs

09 Apr 2019

JAKARTA/BRUSSELS The leaders of Indonesia and Malaysia, the world's two biggest palm oil producers, sent a letter of objection to the European Union criticizing its decision to no longer consider palm oil as a green fuel and threatening the bloc's ties with the countries.

Indonesia's Feb palm output seen higher, exports weaker - survey

28 Mar 2019

By Bernadette Christina Munthe JAKARTA, March 28 Indonesia's palm oil output likely rose in February, while exports were seen lower compared to a month earlier, according to a Reuters survey. Palm oil output in top producer Indonesia were seen at 3.80 million tonnes in February from 3.60 million tonnes a month earlier, according to the median results of a survey of two palm oil groups and a state palm research firm. Exports from the world's largest palm producer were estimated at 2.88 million tonnes last month, compared with 3.05 million tonnes in January. Global palm oil prices have been under pressure in the past month due to sluggish demand from big buyers such as India and China, amid oversupply following a bumper harvest in Indonesia and Malaysia last year. Meanwhile, the domestic use of palm oil was estimated at 1.2 million tonnes in February, slightly higher than January's 1.18 million tonnes estimate, the survey showed. At the end of last month, palm oil stocks were estimated easing to 2.73 million tonnes, compared to 2.85 million tonnes a month earlier, according to the survey. Survey results in million tonnes: Month Output Exports Inventories GAPKI palm & kernel oils exports February 3.800 2.880 2.733 -- January 3.600 3.045 2.853 3.10 2018 December 3.900 2.900 3.434 2.95 November 3.979 3.000 3.900 2.99 October 3.985 3.029 4.346 3.14 September 4.250 3.055 4.800 2.99 August 4.006 2.827 4.638 2.99 July 3.897 2.887 4.300 2.81 June 3.452 2.477 4.335 2.29 May 3.751 2.600 3.675 2.14 April 3.650 2.650 3.550 2.22 March 3.335 2.500 3.528 2.40 February 3.490 2.480 3.530 2.37 January 3.586 2.737 3.701 2.74 (Writing by Fransiska Nangoy; Editing by Rashmi Aich)

Indonesia pushes palm companies to take legal action against the EU

25 Mar 2019

JAKARTA Indonesia's government said on Monday it will encourage the country's palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel.

Indonesia pushes palm companies to take legal action against the EU

25 Mar 2019

JAKARTA, March 25 Indonesia's government said on Monday it will encourage the country's palm oil companies to file lawsuits against the European Union if the bloc goes ahead with a plan to phase out use of the commodity in renewable transport fuel.

Pilots searched for right checklist before Lion Air crash - investigators

21 Mar 2019

JAKARTA Indonesian investigators said on Thursday the cockpit voice recorder from a crashed Lion Air Boeing Co 737 MAX 8 jet showed pilots were searching for the right checklist in their handbooks and were experiencing airspeed and altitude issues.

Indonesia, Australia sign partnership in bid to boost trade, services

04 Mar 2019

JAKARTA Indonesia and Australia on Monday signed an economic partnership agreement aimed at stepping up trade and investment between them in areas ranging from cattle to education and cars to wheat.

Indonesia's January palm output seen down 7.7 pct m/m - survey

25 Feb 2019

By Bernadette Christina Munthe JAKARTA, Feb 25 Indonesia's palm oil output likely eased in January from a month earlier, in line with the vegetable oil's production cycle, while exports were expected to have picked up slightly, according to a Reuters survey. Palm oil output in top producer Indonesia declined 7.7 percent to 3.60 million tonnes from 3.90 million tonnes a month earlier, according to the median results of a survey of two palm oil groups and a state palm research firm. Production of the tropical oil typically falls during the first quarter of the year. Exports were estimated at 3.04 million tonnes in January, compared with 2.90 million tonnes in December. India, Indonesia's top palm buyer, cut import taxes on crude and refined palm oil from January, easing pressure on shipments. However, Indonesian palm oil is still taxed at a higher rate compared to Malaysian oil. Indonesia on Saturday offered to open up its market for India's sugar in exchange for a lower palm oil tax. Meanwhile, the domestic use of palm oil was estimated at 1.18 million tonnes in January, compared with 1.38 million tonnes a month earlier. By the end of January, palm oil stocks were estimated to have eased to 2.85 million tonnes from 3.43 million tonnes a month ago, according to the survey. Survey results in million tonnes: Month Output Exports Inventories GAPKI palm & kernel oils exports January 3.600 3.045 2.853 -- 2018 December 3.900 2.900 3.434 2.95 November 3.979 3.000 3.900 2.99 October 3.985 3.029 4.346 3.14 September 4.250 3.055 4.800 2.99 August 4.006 2.827 4.638 2.99 July 3.897 2.887 4.300 2.81 June 3.452 2.477 4.335 2.29 May 3.751 2.600 3.675 2.14 April 3.650 2.650 3.550 2.22 March 3.335 2.500 3.528 2.40 February 3.490 2.480 3.530 2.37 January 3.586 2.737 3.701 2.74 (Writing by Fransiska Nangoy; Editing by Subhranshu Sahu)

Indonesia defends palm oil after EU targets 2030 phase-out in road fuel

13 Feb 2019

JAKARTA Indonesia, the world's biggest producer of palm oil, will not accept an EU plan to curb the use of crops that cause deforestation, and argued that its higher production yield made it better placed to meet global demand, a senior Indonesian official said.

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