CPO Price and Dollar Rate Influence Price Index of BBN Market May 2018
By : Hariyanto And Aldo Bella Putra | Friday, May 04 2018 - 22:30 IWST

kelapa sawit (ilustrasi)
INDUSTRY.co.id - Jakarta - The Ministry of Energy and Mineral Resources (ESDM) through the Directorate General of Renewable Energy and Energy Conservation (DG EBTKE) re-released the Market Fuel Index (HIP) price index for May 2018.
The price of the two biofuel commodities is changing differently; HIP Biodiesel has decreased while HIP Bioethanol has increased slightly.
Based on Letter of Director General of EBTKE number 2475/12 / DJE / 2018 dated 27 April 2018, Biodiesel price for May 2018 is set at Rp 8,261 / liter.
The price does not include freight charges specified in ESDM Ministerial Decree no. 1770 K / 12 / MEM / 2018. If compared to the previous month, the price of Biodiesel decreased Rp 95 / liter from the price of Rp 8,356.00 / liter in April 2018.
Biodiesel price decline is influenced by price movements Crude Palm Oil (CPO), which decreased compared to the previous month. For the period March 25 to April 24, 2018, the average price of CPO Kharisma Marketing Bersama (KPB) Rp 8.118 / liter, decreased Rp. 112 / liter from the price in the period of 25 February to 24 March 2018 amounting to Rp 8,230 / liter.
While HIP Bioethanol in May 2018 set at Rp 10,147 / liter, slightly increased Rp 7 / liter from last April price of Rp 10,140 / liter.
Bioethanol price increase is the impact of changes in the US dollar exchange rate, although the average price of sugarcane juice Kharisma Marketing Bersama (CDE) recorded no change. Conversion of the exchange rate using the average of Bank Indonesia's middle rate between March 25 and April 24, 2018.
For information, the amount of HIP BBN Biodiesel and Bioethanol is determined every month and evaluated for at least 6 months by Director General of EBTKE.
Read Also
Sawit Sumbermas Sarana Preparing RSPO Virtual Tour for August 2021
Kao Corporation, Apical & Asian Agri Join Hands to Empower Smallholders…
Shared Responsibility Boosts Sustainable Palm Oil Absorption In Indonesia
RSPO Independent Smallholders Ride The Rough Patch of Covid-19
GAPKI: Thank you Indonesian Press
Today's Industry

Selasa, 17 Mei 2022 - 14:00 WIB
NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics
The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

Selasa, 17 Mei 2022 - 13:00 WIB
President Jokowi Invites US CEOs to Boost Cooperation with Indonesia
President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

Selasa, 17 Mei 2022 - 12:28 WIB
President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President
President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

Selasa, 17 Mei 2022 - 11:23 WIB
TPE unleashes benefits for pet accessories
The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…
News Comment