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In December 2020, the trade balance recorded a surplus of US $ 2.1 billion, which is the eighth surplus in a row.
The central statistics agency, Statistics Indonesia or BPS, recorded December's export value at US$16.54 billion.
Coordinating Minister for Economic Affairs, Airlangga Hartarto, has projected that the price of crude palm oil (CPO) will rise in 2021
The price of crude palm oil (CPO) in Jambi Province rose slightly by Rp64 per kilogram (kg) to Rp8,809 per kg during the August 21-27 period
Palm oil entrepreneurs explained that Africa could be an attractive market for crude palm oil (CPO) as Africa is showing positive export growth.
Pertamina CEO Nicke Widyawati states that President Jokowi's ambitions have greatly driven the production of 100-percent biodiesel or B100.
Dutch Foreign Affairs Minister Stef Blok said the Netherlands is not backing the EU biofuel ban that targets Indonesian palm oil products.
A green refinery partnership initially sought by Pertamina and Italy's ENI was canceled due to the "prejudice" against Indonesia's palm oil use.
President Jokowi offered to maximize Indonesia's natural resources processing, such as the use of palm oil, to suppress current account deficit.
India's plan to divert its CPO import from Malaysia to Indonesia can also be used as a momentum to boost export performance.
President Jokowi has held a meeting with Song Tao, Xi Jinping's foreign relations adviser, in Bogor Palace, today, September 20.
The EU continues to question and inhibit imports of crude palm oil (CPO) and derivative products from Indonesia.
The government plans to redirect the country's demand for airplanes from the European Union (Airbus) to the United States (Boeing).
Domestic airlines may use crude palm oil (CPO)-based aviation turbine (avtur) fuel or green avtur in 2021.
The Trade Ministry says it will immediately counter the anti-dumping import tax by the European Union (EU) aimed at Indonesia-produced biodiesel CPO.
Tariff barrier imposed by the European Union (EU) against CPO-based biodiesel products has only been enforced to Indonesia.
Vice President Jusuf Kalla asked a number of countries to stop their discriminatory treatment to the oil palm (CPO) industry.
The Indonesian and the Malaysian governments have agreed to file a letter of objection to the European Union (EU) against a possible CPO ban.
Indonesian Embassy in Brussels has organised a dialogue on palm oil issue at the European Parliament office to promote sustainable palm oil (CPO)
The Indonesian House of Representatives (DPR) has deplored the European Union`s ban on the use of crude palm oil (CPO) for biofuels.
