# Indonesia's palm oil fund urges govt to rethink biodiesel funding plan | Reuters

> Indonesia's palm oil fund reportedly urged the government to rethink its biodiesel funding plan. The fund subsidises the price gap between palm-based fuel and fossil fuel, financed by export levies. The mandatory bio-content is expected to rise to 40% next year.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15603-indonesia-s-palm-oil-fund-urges-govt-to-rethink-biodiesel-funding-plan-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher biodiesel blending absorbs more palm oil domestically and the levy funding strain could alter export levies, both of which shift palm and vegetable oil supply and prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-03-09 | [Indonesia may revive B50 biodiesel mix plan as oil prices soar \| Reuters](https://feedsoft.ai/events/20268-indonesia-may-revive-b50-biodiesel-mix-plan-as-oil-prices-soar-reuters.md) | +3.6% | +8.6% |
| PALMOIL | 2024-08-26 | [Indonesia's Prabowo hopes to implement 50% palm-based biodiesel blending by 2025 \| Reuters](https://feedsoft.ai/events/15624-indonesia-s-prabowo-hopes-to-implement-50-palm-based-biodiesel-blending-by-2025.md) | +0.7% | +6.8% |
| PALMOIL | 2016-11-25 | [Palm oil demand from Indonesia biodiesel sector to surge by 2020](https://feedsoft.ai/events/73756-palm-oil-demand-from-indonesia-biodiesel-sector-to-surge-by-2020.md) | +3.8% | +5.0% |
| PALMOIL | 2021-06-29 | [Indonesia Revises Palm Oil Export Levy While Safeguarding Biodiesel Funding - Media Biodiesel](https://feedsoft.ai/events/46455-indonesia-revises-palm-oil-export-levy-while-safeguarding-biodiesel-funding.md) | +4.0% | +10.1% |
| PALMOIL | 2018-08-21 | [Indonesia revises palm crop fund rules to back biodiesel drive](https://feedsoft.ai/events/63401-indonesia-revises-palm-crop-fund-rules-to-back-biodiesel-drive.md) | -0.6% | -1.5% |
| SBO | 2026-03-09 | [Indonesia may revive B50 biodiesel mix plan as oil prices soar \| Reuters](https://feedsoft.ai/events/20268-indonesia-may-revive-b50-biodiesel-mix-plan-as-oil-prices-soar-reuters.md) | -0.7% | -1.2% |
| SBO | 2024-08-26 | [Indonesia's Prabowo hopes to implement 50% palm-based biodiesel blending by 2025 \| Reuters](https://feedsoft.ai/events/15624-indonesia-s-prabowo-hopes-to-implement-50-palm-based-biodiesel-blending-by-2025.md) | +3.3% | +1.0% |
| SBO | 2016-11-25 | [Palm oil demand from Indonesia biodiesel sector to surge by 2020](https://feedsoft.ai/events/73756-palm-oil-demand-from-indonesia-biodiesel-sector-to-surge-by-2020.md) | +2.1% | -5.6% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indonesias-palm-oil-fund-urges-govt-rethink-biodiesel-funding-plan-2024-11-07/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.