Palm Oil Internet Seminar

Section 2: Global Palm Oil Market Focus:
Indonesia's Biodiesel Policies Impacting Both Domestic and Export Markets
By: 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
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.

The full report will only be available from Aug 06, 2018 onwards.
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