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22 - 28 Jun 2024
POINTERS ON THE PRICE TRENDS


Archive
2020
24 Feb - 01 Mar 2025
Section 1 : CPO Price Trend
24 Feb - 01 Mar 2025
Section 2: Global Palm Oil Market Opportunities
22 - 28 Jun 2024
POINTERS ON THE PRICE TRENDS
2019
2018
29 Jan - 04 Feb 2025
Section 1: CPO Price Trend
29 Jan - 04 Feb 2025
Section 2 : Global Palm Oil Market Focus
06 - 12 Aug 2024
Section 1: CPO Price Trend
06 - 12 Aug 2024
Section 2: Global Palm Oil Market Focus
•
Indonesia's Biodiesel Policies Impacting Both Domestic and Export Markets
2017
2016
22 - 29 Feb 2025
2016 Market Direction - Twists and Turns of Palm Oil Prices
22 - 28 Aug 2024
Section 1 : Palm Oil Price Fundamentals
22 - 28 Aug 2024
Section 2 : Trade Issues and Market Prospects
2015
2014
2013
2012
2011
2010
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POINTERS
ORGANIZED BY:
Section 2: Global Palm Oil Market Focus:
Indonesia's Biodiesel Policies Impacting Both Domestic and Export Markets
Mr. Togar Sitanggang
Professional Career: • PT Musim Mas, Corporate Affairs Manager, May 2012 – Present, Jakarta • PT Darmex Agro, Trading Manager, November 2011 – January 2012, Jakarta • PT ED&F; Man Indonesia, Country Manager Tropical Oil Division, August 2009 – November 2011, Jakarta • PT Bunge Agribusiness Indonesia, Research Analyst, October 2004 – July 2009, Jakarta • Suria Kencana, Broker, March 2004 – August 2004, Jakarta • Bakrie Group, VP Commodity Trading, January 2001 – February 2004, Jakarta • PT Cargill Indonesia, Trader, February 1997 – December 2000, Medan • PT SMART Corp Medan, Various Positions, March 1993 – January 1997, Medan Organizations: • Asosiasi Produsen Oleochemical Indonesia – APOLIN, Indonesia Oleochemicals Manufacturer Association: Chairman 2013 – 2016 • Asosiasi Produsen Biofuels Indonesia – APROBI, Indonesia Biofuels Producers Association: Secretary General: 2014 – 2017 • Dewan Minyak Sawit Indonesia – DMSI, Indonesia Palm Oil Board: Marketing and Promotion 2012 – 2015 • Gabungan Pengusaha Kelapa Sawit Indonesia – GAPKI, Indonesia Palm Oil Association: Secretary General 2015 – 2018 • European Palm Oil Alliance – EPOA: Indonesia Representative in the Steering Committee 2016 – 2017 Education: • Magister Management Agribisnis, North Sumatera University, Medan, 2000 • Bachelor of Science in Computer Science, University of Southern California, Los Angeles, 1991
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Indonesia’s Biodiesel program has been considered as one of the main drivers of Palm Oil market in last 3 years. After the establishment of CPO Fund in 2015, the mandatory blending program in Indonesia has gone partly smooth, at least for diesel fuel for PSO (Public Service Obligation) sector. Although the other half of demand, the non-PSO, has not picked up significantly, the PSO quantity of 2.5 to 2.7 million Kilo Liters has enough to maintain the prices at this current level.
With better productions since a very dry season in 2015, crude oil prices has been improving in past years and market disturbance overseas, the Biodiesel policies in Indonesia would have to play another important part in near future to maintain or improve the price level. Indonesia, and maybe Malaysia too, need to produce another policy on Biodiesel to make sure market can absorb the growing production in Indonesia and Malaysia.
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