Indonesia is set to file a complaint at the World Trade Organization (WTO)'s Dispute Settlement Body (DSB) later this month over the anti-dumping duties that were imposed by the European Union (EU) on biodiesel exports from Indonesia. Since the implementation of these anti-dumping duties in 2013 - ranging between 8.8 to 20.5 percent or €76.94 to €178.85 per ton - Indonesia's biodiesel exports to the EU plunged severely, from USD $625 million in 2013 to an estimated USD $9 million in 2017.

Lanjut baca ›

Although the Indonesia stock exchange as well as most businesses are still closed on Friday (01/08) amid Idul Fitri celebrations, trading in the Indonesian rupiah resumed after a four-day holiday. Impacted by developments in the USA, the Indonesian rupiah exchange rate had depreciated 1.82 percent to IDR 11,791 per US dollar by 12:25 pm local Jakarta time (based on Bloomberg Index). Asian currencies are heading for the largest weekly decline since June 2014 after US economic data indicate improved economic recovery of the USA.

Lanjut baca ›

The government of Indonesia will lower the export duties on crude palm oil (CPO) from 10.5 percent in August to 9 percent in September if the CPO price continues to stay between USD $800-850 per ton. This lower tax policy is done in order to stimulate export revenues amid persistent weak global commodity prices. The international palm oil market is expected to remain stagnant in August and September. Stockpiles of CPO in Malaysia and Indonesia are projected to rise between September and December 2013.

Lanjut baca ›

The price of crude palm oil (CPO), which has been under downward pressure for a long time as global turmoil lingers on, started to rebound due to falling stockpiles in Indonesia and Malaysia. Reserves of the commodity fell because of weather conditions and because of an increase in demand ahead of the Islamic fasting month (Ramadhan). The price of crude palm oil is expected to hit the USD $900 per ton mark in late 2013, up from USD $828-865 per ton in May and June. This price recovery is expected to continue.

Lanjut baca ›