13-14 Aug, 2014 - Jakarta, INDONESIA
Le Meridien Jakarta
Le Meridien Jakarta
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Certified Sustainable Palm Oil (CSPO) is expected to witness a rise in demand by at least 25% according to Sime Darby Bhd. The expected growth will be stimulated by European Union's food labelling rule that requires food manufacturers to specify the vegetable oil used in their food products and the rule is approaching its 2015 deadline.
CSPO will gain a competitive advantage with this rule because CSPO scores well on certified good agricultural practices, social responsibility and environmental engagement.
Sime Darby explains that although Europe drives the current demand for CSPO, it is only for palm stearin - the solid part of palm oil that is widely used in food products.
But palm stearin only represents 20% of the palm oil volume, while palm olein (the liquid form) represents the remaining 80%.
Moreover, there is a gap between supply and demand for CSPO because of a number of challenges. Logistical complexity of the palm oil supply chain, lack of awareness about how and where industry can find CSPO and its derivatives in individual markets, and low consumer awareness are some of the factors leading to low demand. Moreover, China and India - two of the top consumers of palm oil, aren't promoting the use of CSPO.
More on CSPO will be discussed when stakeholders meet at 6th Palm Oil Asia Summit opening on 13-14 August, 2014, in Jakarta.
Visit 6th Palm Oil Asia Summit website for more details or contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
14 Jul, 2014
Following a new blending regulation, Indonesia's biodiesel consumption is likely to rise in 2014, according to Indonesian Biofuel Producers Association (APROBI).
Being the world's top producer of palm oil, the South East Asian country plans to use palm oil to produce biodiesel.
Although the country is expected to face logistical issues, the Indonesian Biofuel Producers Association (APROBI) chairman expects the domestic biodiesel sales to jump to 3 million kilolitres in 2014, up from 1.006 million kilolitres in 2013.
Moreover, the country's biodiesel exports are also likely to witness a 20 percent rise. Although exports to the European Union are likely to fall, purchases by China, South Korea, Australia and the United States will balance it. EU was one of the biggest biodiesel customer for Indonesia, but a trade spat over alleged biodiesel dumping and illegal subsidies have changed trading equations between them.
It's predicted that this year, approximately 2.2 million kilolitres of biodiesel will be exported by Indonesian biodiesel producers, which indicates a rise up from 1.833 million kilolitres in 2013.
Indonesia's total biodiesel capacity is expected to touch 8.8 million kilolitres in 2015, from the present 5.6 million kilolitres.
6th Palm Oil Asia Summit opening on 13-14 August, 2014, in Jakarta will reflect more on the biodiesel industry in Indonesia.
Visit 6th Palm Oil Asia Summit website for more details or contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
28 May, 2014
In a move towards boosting the palm oil production in Pakistan, the country is negotiating with the Federal Land Development Authority of Malaysia to seek assistance for a large-scale palm oil plantation in coastal areas of Sindh and Balochistan.
Currently, Pakistan spends millions of dollars on importing edible oil imports every year.
As much as 8,000 acres of land in Sindh and about an equivalent in Balochistan is planned to be brought under palm oil cultivation. The Pakistan Oilseed Development Board (PODB) is already working on importing the seedlings for the same.
Ministry of National Food Security and Research confirms that the coastal belt of Sindh and Balochistan are suitable areas for palm oil cultivation, given the favorable climate, water scarcity and extreme heat.
With the area least affected by monsoons and a low annual rainfall of about 25-50mm, the plantation business can benefit people living along the coast from Karachi to Gawadar.
In the past, there were many palm oil development projects in Pakistan. For instance, the Palm Oil Development Pilot Project launched by Pakistan Oilseed Development Board (PODB) in coastal areas of Sindh and Balochistan, the Palm Oil Development Project worth Rs.113.08 million on 12,000 acres plus a project on palm oil cultivation by government of Balochistan worth Rs.326.371 million.
To encourage cultivation, palm oil seedlings were provided at subsidized rates to growers and a loan of Rs 5,000 per acre to growers having palm oil plantation on their field was offered by Zarai Taraqiati Bank Limited (ZTBL).
CMT's 6th Palm Oil Asia Summit is coming to Jakarta on 13-14 August, 2014 to discuss more on the palm oil industry prospects in Asia.
View the 6th Palm Oil Asia Summit website for more details or contact Ms. Hafizah at hafizah@cmtsp.com.sg or call +65 6346 9218.
23 Apr, 2014
