{"id":28599,"date":"2024-09-25T01:49:07","date_gmt":"2024-09-25T01:49:07","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=28599"},"modified":"2024-09-30T01:52:27","modified_gmt":"2024-09-30T01:52:27","slug":"ri-to-apply-b50-as-a-means-to-boost-global-bargaining-position","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2024\/09\/25\/ri-to-apply-b50-as-a-means-to-boost-global-bargaining-position\/","title":{"rendered":"RI To Apply B50 As A Means To Boost Global Bargaining Position"},"content":{"rendered":"

JAKARTA \u2013 President-elect Prabowo Subianto has stated in many occasions that he will speed up the implementation of biodiesel 50 percent (B50) program, as a further upgrading from the current B35. If it is realized, Indonesia\u2019s export of crude palm oil (CPO) will be reduced or even \u00a0eliminated.<\/p>\n

\"\"<\/a><\/p>\n

Deputy Minister of Agriculture (Wamentan), Sudaryono said the B50 program will be designed to serve Indonesia\u2019s two-pronged strategy, namely to strengthen national energy reslience and to increase Indonesia\u2019s bargaining position at the global market. \u201cIt will be part of our strategy to deal with the policies of the Western countries, which have discredited palm oil,\u201d Wamentan Sudaryono said.<\/p>\n

He said that Indonesia will pursue efforts of increasing palm oil exports to traditional markets and non-traditional markets. \u201cOf all plantation commodities, the palm oil is the most prepared one to compete at the global market. We try to push it to increase global market penetration. But in case we face problems at global market, we can convert our CPO into B50 as a means to absorb our unexported palm oil and to strengthen our bargaining position at the global market,\u201d Sudaryono said during the plantation event of Perkebunan Indonesia Expo (BUNEX) 2024 in Pagedangan, Tangerang, Banten, on Thursday (12\/9\/2024).<\/p>\n

According to him, it is because Indonesia controls almost 60% of the global palm oil export. \u201cWe\u2019re the world\u2019s largest producer and exporter of palm oil. But the palm oil industry players, companies and smallholders, are worried about whether they could continue exporting their products. But now we have a substitution as a buffer against any untoward in foreign markets.\u00a0 If there is any country hampering our palm oil exports, we can just convert it to energy, which is the B50,\u201d he said.<\/p>\n

By controlling almost 60% of global palm oil supply, Indonesia is able to convert its palm oil into B50. \u201cWe can be sovereign in food and energy. We\u2019ll be no longer determined by buyers. Why? If the buyers won\u2019t buy our palm oil, then we\u2019ll just convert it into energy. Besides, with the implementation of B50 program, we can also control the price of palm oil commodity at the market.,\u201d said Sudaryono.<\/p>\n

The deputy minister said that it is like Brazil which applies such strategy in its sugarcane commodity. \u201cWhen the price of sugarcane is high, Brazil use it for sugar production. When the sugarcane in very low price, the country use it to produce bioethanol to stabilize sugar prices,\u201d he said.<\/p>\n

He said that the agriculture ministry will continue to be committed to supporting the production of biodiesel from palm oil. \u201cWe\u2019ll continue supporting the upgrading of biodiesel program from the current B35 to B40, to B50, and even to B100 as we\u2019ve managed to master its technology,\u201d he said. (*)<\/p>\n","protected":false},"excerpt":{"rendered":"

JAKARTA \u2013 President-elect Prabowo Subianto has stated in many occasions that he will speed up the implementation of biodiesel 50 percent (B50) program, as a further upgrading from the current B35. If it is realized, Indonesia\u2019s export of crude palm oil (CPO) will be reduced or even \u00a0eliminated.<\/p>\n","protected":false},"author":1,"featured_media":21969,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":70,"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":"","footnotes":""},"categories":[3711,3708,3709],"tags":[],"class_list":["post-28599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-myths-facts","category-publication","category-recent-news"],"yoast_head":"\nRI To Apply B50 As A Means To Boost Global Bargaining Position - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"The deputy minister said that it is like Brazil which applies such strategy in its sugarcane commodity. \u201cWhen the price of sugarcane..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gapki.id\/en\/news\/2024\/09\/25\/ri-to-apply-b50-as-a-means-to-boost-global-bargaining-position\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RI To Apply B50 As A Means To Boost Global Bargaining Position - 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