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Mar 25, 2025POLICYIndonesia

Indonesia unlikely to back down on B40 biodiesel mandate, helping sustain elevated palm oil prices, says RHB

RHB Research says Indonesia is determined to implement its B40 biodiesel mandate, which blends 40% palm oil with diesel, possibly as soon as March. RHB expects Indonesian palm oil exports to fall 7% in 2025 and forecasts CPO prices to stay elevated.

WHY IT MATTERS

Firm B40 implementation absorbs rising Indonesian palm supply and shrinks exportable volumes, supporting palm oil prices through 2025.

AFFECTSPALMOIL▲

2 SOURCES
theedgemalaysia.comMar 25, 2025
tridge.comEconomic timesMar 26, 2025

Price reaction & history

PALMOIL▲bullishSO FAR1d -0.3%5d +0.0%20d -6.9%

After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.

Aug 6, 2018Global palm oil prices set to rise on Indonesia's biodiesel mandate+1.8%
Oct 9, 2024Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says-0.0%
May 17, 2023Malaysia Says Committed to Raising Palm Oil Biodiesel Mandate-1.4%
Jun 26, 2023Indonesia's Biofuel Blending Mandate Effects on Palm Oil Supply & Price+0.6%
Nov 25, 2016Indonesia sticks to its guns on B20 biodiesel, despite rising palm oil prices | New Straits Times+3.8%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

PALMOIL · GP ▸

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