{"id":18691,"date":"2020-06-12T09:19:15","date_gmt":"2020-06-12T09:19:15","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=18691"},"modified":"2020-06-12T09:19:15","modified_gmt":"2020-06-12T09:19:15","slug":"rupiah-strengthens-all-businesses-expected-to-start-recovering","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2020\/06\/12\/rupiah-strengthens-all-businesses-expected-to-start-recovering\/","title":{"rendered":"Rupiah Strengthens! All Businesses Expected To Start Recovering"},"content":{"rendered":"<p>The strengthening of rupiah against the US dollar and the recovering of economy ahead of the new normal implementation is seen as positive sentiment for business players, including those in palm oil sector.<!--more--><\/p>\n<p><a href=\"https:\/\/gapki.id\/en\/news\/18691\/rupiah-strengthens-all-businesses-expected-to-start-recovering\/petani_sawit_dollar_menguat_oil_palm_en\" rel=\"attachment wp-att-18692\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-18692\" src=\"https:\/\/i0.wp.com\/gapki.id\/en\/wp-content\/uploads\/2020\/06\/petani_sawit_dollar_menguat_oil_palm_en.jpg?resize=792%2C527&#038;ssl=1\" alt=\"\" width=\"792\" height=\"527\" \/><\/a><\/p>\n<p>Gapki Communication Division Head Tofan Mahdi is optimistic that businesses will soon recover. He said that during the last few months the outbreak of Coronavirus disease 2019 (Covid-19) had impacted the palm oil industries, causing the decrease of palm oil exports by around 20 percent. It was resulted from the fact that several seaports in the main export markets such as India, China and Pakistan were restricted and even halted as part of lockdown policy to fight the Covid-19 pandemic.<\/p>\n<p>\u201cBut all now have started recovering process. We\u2019re optimistic that not only the palm oil industry, but also other sectors will be soon recovering,\u201d Tofan told <em>Kontan.co.id<\/em> recently.<\/p>\n<p>Tofan said, however, that the strengthening of rupiah against the US dollar needs further monitoring. \u201cBut what\u2019s clear is that the strengthening of rupiah will bring positive impact, especially for companies having financial burden in US dollars.<\/p>\n<p>With exchange rate being maintained, the companies\u2019 cost of doing businesses will not surge. \u201cWe see it from a wider perspective, as we also need to monitor further fluctuations of the exchange rates. If the US dollars expensive, then there is a tendency of costs to get higher. With the rupiah appreciation, we hope it won\u2019t happen,\u201d said Tofan.<\/p>\n<p>Tofan noted that the impact of Covid-19 pandemic to the palm oil industry is actually not so significant. It is because the activities in the oil palm plantations and palm oil mills have been undertaken by strictly implementing the Covid-19 preventive protocol. Besides, local market absorption is still promising.<\/p>\n<p>\u201cWe\u2019re grateful that amid the Covid-19 pandemic, the palm oil is one of the business sectors that are not significantly affected. Its operations are proceeding under normal condition. Its exports dropped, but there is a big demand from our local market,\u201d he said.<\/p>\n<p>Based on data from Gapki, export of palm oil during April 2020 compared to March 2020 decreased by 77,000 tons, consisting of 44,000 tons of refined palm oil and 33,000 tons of CPO. Based on export destinations, the largest decrease was seen to Bangladesh, Africa and Middle East, respectively at 118,000 tons, 62,000 tons and 56,000 tons as the three export destinations saw big imports in March 2020.<\/p>\n<p>Conversely, export to Pakistan surged by 100 percent to 201,000 tons due to its very low import in March 2020. Export to China rose by 37 percent to 417,000 tons although it was still lower than the palm oil export in April 2019 at 730,000 tons, while exports to India and the European Union (EU) saw a slight increase. The positive trend is expected to continue as the Covid-19 pandemic is steadily receding. (*)<\/p>\n<p>Sumber: kontan.co.id | Image\u00a0via <em>rmol.id<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The strengthening of rupiah against the US dollar and the recovering of economy ahead of the new normal implementation is seen as positive sentiment for business players, including those in palm oil sector.<\/p>\n","protected":false},"author":1,"featured_media":18692,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708,3709],"tags":[],"class_list":["post-18691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rupiah Strengthens! 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GAPKI Chairman Eddy Martono made a clarification on the government\u2019s statement that the 3.3 million Ha oil palm acreage has to be legalized. \u201cActually,\u2026","rel":"","context":"In &quot;Publication&quot;","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/palmoil_eco-business.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/palmoil_eco-business.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/palmoil_eco-business.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/08\/palmoil_eco-business.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":19319,"url":"https:\/\/gapki.id\/en\/news\/2020\/10\/25\/palm-oil-production-recovering-local-market-growing\/","url_meta":{"origin":18691,"position":1},"title":"Palm Oil Production Recovering, Local Market Growing","author":"admin","date":"October 25, 2020","format":false,"excerpt":"JAKARTA \u2013 The production of Indonesian palm oil has been recovering. The Indonesian Palm Oil Association (GAPKI) reported that palm oil production in August 2020 reached 4.8 million tons or an increase of 2.0% from the production during the same period in 2019 at 4.7 million tons. But year on\u2026","rel":"","context":"In &quot;Publication&quot;","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/palmoil_freemalaysiatoday.com_.jpg?fit=648%2C369&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/palmoil_freemalaysiatoday.com_.jpg?fit=648%2C369&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/10\/palmoil_freemalaysiatoday.com_.jpg?fit=648%2C369&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":26218,"url":"https:\/\/gapki.id\/en\/news\/2023\/02\/10\/press-plays-big-role-in-advancing-palm-oil-industry\/","url_meta":{"origin":18691,"position":2},"title":"Press Plays Big Role In Advancing Palm Oil Industry","author":"admin","date":"February 10, 2023","format":false,"excerpt":"MEDAN \u2013 The press plays a big role in supporting the development of palm oil industry in Indonesia. For such purpose, a synergy between the press and palm oil stakeholders should be continually strengthened. The statement was made by Tofan Mahdi, Head of Communication Division at the Indonesian Palm Oil\u2026","rel":"","context":"In &quot;Publication&quot;","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/allies-en\/uploads\/2023\/02\/palmoil_big_role.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":19522,"url":"https:\/\/gapki.id\/en\/news\/2020\/12\/02\/gapki-chairman-palm-oil-contributes-significantly-despite-covid-19\/","url_meta":{"origin":18691,"position":3},"title":"GAPKI Chairman: Palm Oil Contributes Significantly Despite Covid-19","author":"admin","date":"December 2, 2020","format":false,"excerpt":"Jakarta \u2013 The Indonesian Palm Oil Association (GAPKI) Chairman Joko Supriyono said that despite the Covid-19 pandemic, the palm oil industry can be still operating normally and has contributed significantly to the Indonesian economy. \u201cWe\u2019re grateful that the palm oil industry is still operating normally amid the outbreak of Covid-19\u2026","rel":"","context":"In &quot;Info &amp; Activity&quot;","block_context":{"text":"Info &amp; Activity","link":"https:\/\/gapki.id\/en\/news\/category\/info-activity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/joko_s_ipoc2020.jpg?fit=1200%2C658&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/joko_s_ipoc2020.jpg?fit=1200%2C658&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/joko_s_ipoc2020.jpg?fit=1200%2C658&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/joko_s_ipoc2020.jpg?fit=1200%2C658&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/12\/joko_s_ipoc2020.jpg?fit=1200%2C658&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":20821,"url":"https:\/\/gapki.id\/en\/news\/2021\/11\/02\/do-oil-palm-growers-cause-forest-fires\/","url_meta":{"origin":18691,"position":4},"title":"Do Oil Palm Growers Cause Forest Fires?","author":"admin","date":"November 2, 2021","format":false,"excerpt":"JAKARTA \u2013 Oil Palm growers have been very often blamed as the cause of forest and land fires (Karhutla). The Indonesian Palm Oil Association (Gapki) denied such accusation, saying that it is certainly baseless. Gapki\u2019s Communication Division Head Tofan Mahdi said that it is impossible for the palm oil companies\u2026","rel":"","context":"In &quot;Publication&quot;","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/11\/forest_fires_phys.org_.jpg?fit=1016%2C619&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/11\/forest_fires_phys.org_.jpg?fit=1016%2C619&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/11\/forest_fires_phys.org_.jpg?fit=1016%2C619&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/11\/forest_fires_phys.org_.jpg?fit=1016%2C619&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":18726,"url":"https:\/\/gapki.id\/en\/news\/2020\/06\/22\/traditional-market-starts-recovering-raising-hope\/","url_meta":{"origin":18691,"position":5},"title":"Traditional Market Starts Recovering, Raising Hope","author":"admin","date":"June 22, 2020","format":false,"excerpt":"Press Release Indonesian Palm Oil Association (IPOA) Traditional Market Starts Recovering, Raising Hope Amid the outbreak of Coronavirus disease 2019 (Covid-19) during the last few months, the oil palm plantations and palm oil mills have been operating normally by implementing the health protection procedures with strict discipline. Production of crude\u2026","rel":"","context":"In &quot;Press Release&quot;","block_context":{"text":"Press Release","link":"https:\/\/gapki.id\/en\/news\/category\/press-release\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2020\/05\/operasional_industrisawit_tetap_buka_picturevia_astraagro.jpg?fit=800%2C485&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/01\/pertamina_kilang_bbm_cnbcindonesia.com_.jpeg?fit=715%2C403&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/18691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=18691"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/18691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/18692"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=18691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=18691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=18691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}