Foot and mouth disease casts shadow over Indonesian festival

Reuters – An outbreak of foot and mouth disease in Indonesia disrupted a ritual of slaughtering animals to mark the festival of Eid al-Adha this year, with livestock traders in the world’s largest Muslim-majority nation bemoaning low sales. Eid Al-Adha, known as the Festival of Sacrifice, is one of the main holidays in the Islamic




CBOT July 2022 soyoil (candlesticks, right column) with July 2022 soybeans (yellow line, left column). (Barchart)

U.S. grains: Soyoil futures rally to record high

Corn hits highest since August 2012

Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine

File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)

Indonesia’s palm oil export ban seen short-lived on limited storage

Jakarta/Mumbai | Reuters — Indonesia’s ban on palm oil exports is unlikely to last more than a month as Jakarta has limited infrastructure to store the surplus oil and the country faces mounting pressure from buyers to resume shipments, industry officials said. The world’s top palm oil exporter announced plans to ban exports on Friday,


File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)

Indonesia bans palm oil exports as global food inflation spikes

Government under pressure to control cooking oil prices

Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from


Indonesia to ramp up biodiesel efforts to meet green energy targets

Indonesia will need to increase the bio content of its palm oil-based biodiesel to 40 per cent by 2024 or risk missing its renewable energy targets, a senior official said Dec. 1. Indonesia has a mandatory biodiesel program with 30 per cent palm oil content known as B30. Long-standing plans to increase the palm content


Indonesia recruits farmers, teachers to battle anti-palm oil sentiment

Even local residents are turning their backs on this major economic engine

Reuters – Indonesia’s giant palm oil industry, long a target of global green groups, is shoring up its defences closer to home as it tries to counter growing anti-palm oil sentiment among a more environmentally conscious generation of young Indonesians. Indonesia, the world’s top palm oil producer, is training farmers and teachers and running social media campaigns to

Indonesia warns of ‘challenging’ trade talks with Canada

Indonesia warns of ‘challenging’ trade talks with Canada

Wheat and soybeans seen as two key agricultural commodities for Canada

Canada is preparing to formally launch bilateral trade negotiations later this year with Indonesia, but already plans to include gender, environmental and labour provisions in a deal are being described as a “challenge.” The two nations have long flirted with the idea of a trade agreement, with Canada launching stakeholder consultations of the subject in