Business News
Magetan Reinforces Bamboo Craft Export Potential Through Targeted Training
Magetan Regency is actively nurturing the export potential of its bamboo craft industry by organizing a dedicated two-day training workshop in late August. Held at Joglo Kondang Ayem in Magetan, the initiative engaged 25 local bamboo artisan UMKM from the craft hubs of Nitikan and Ringinagung villages. Participants honed their…
Indonesia's Palm Oil Exports Rise: Processed Products Dominate Achievements
Indonesia continues to see increased foreign exchange earnings from palm oil exports, with a significant shift from crude palm oil (CPO) to processed products. The latest data from the Indonesian Palm Oil Association (GAPKI) shows that the share of processed palm oil exports is now growing annually, strengthening the dominance…
Prospects for Indonesian Palm-Based Biodiesel Exports Brighten as EU Doors Reopen
Despite Indonesia’s steadfast focus on meeting domestic energy needs through the mandatory B40 biodiesel blending program, recent developments have reignited export opportunities to the European Union. A favorable ruling by the World Trade Organization (WTO) ruled against Europe’s countervailing duties, granting Indonesia tariff-free access to the EU biodiesel market. Bloomberg…
Indonesia-Albania Trade Update: Animal Fat Exports Decline After Steady Growth
Indonesia's exports of animal fats and oils including edible fats and related derivatives to Albania fell to USD 4.4 million in 2023. This marks a 6.3% decline from the previous year's USD 4.7 million, signaling a downward trend in a category that had shown steady growth over the past decade.Despite…
