Did a ‘palm oil mafia’ exploit the situation in Indonesia?
Trade Minister Muhammad Lutfi on March 18 blamed a "palm oil mafia" for exploiting the situation. Sending a chill through one of Indonesia’s main export sectors, the attorney general launched a corruption investigation over palm oil export permitting, arresting a senior trade ministry official and three palm oil executives. read more
Does Indonesia use palm oil in diesel fuel?
Since 2018, the Indonesian government has mandated the use of palm oil-based biodiesel in diesel fuel. The current implementation is B30, referring to a blend between 30 percent of FAME and 70 percent of diesel fuel. Besides palm oil, FAME can also be made from animal fats, other vegetable oils, and even Used Cooking Oils (UCO).
Can used cooking oil reduce poverty in Indonesia?
An initial study by state agency National Team for the Acceleration of Poverty Reduction (TNP2K) and clean energy think tank Traction Energi Asia about the Potential of Used Cooking Oil for Biodiesel and Poverty Reduction in Indonesia (2020) shows that in 2019, Indonesia national consumption of palm oil reached 16.2 million kilo liters (KL).
Why did Indonesia stop shipments of palm oil?
She also covers wider economic news and monetary policy. Indonesia, the world’s biggest palm oil exporter, has since April 28 halted shipments of the edible oil in a bid to flood the domestic market with supplies to control the soaring prices of cooking oil.