A move by top palm oil exporter Indonesia to restrict shipments and boost domestic biodiesel consumption is set to squeeze global vegetable oil supplies already undercut by lower output in Southeast Asia and Latin America. | Reuters
“I’m now expecting global palm oil SND will be in a slight deficit.”
The Indonesia Biofuel Producers Association says the B35 mandate will take up 11.44 million tons in palm oil this year, up from 9.6 million in 2022 under the country’s B30 measure. “Indonesian palm oil export definitely will drop, as output will decline, domestic consumption will increase,” Fadhil Hasan, an Indonesian Palm Oil Association official, told Reuters.
Indonesia Berita Terbaru, Indonesia Berita utama
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