# GAPKI: Biodiesel Incentive Stabilizes Palm Oil Prices - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> Gapki's chairman said the biodiesel incentive fund managed by BPDPKS has helped stabilize crude palm oil prices. He said biodiesel mandates have supported local demand since the April 2022 export ban. Fresh fruit bunch prices recovered from about Rp1,500-1,800 per kg to Rp2,300-2,500 per kg.

- Date: 2023-12-20 · published 2023-12-20T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15684-gapki-biodiesel-incentive-stabilizes-palm-oil-prices-gabungan-pengusaha-kelapa
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Biodiesel incentives create steady domestic demand that supports palm prices and farm-gate incomes. This keeps the price floor firm, although the effect is mostly already in the market.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-10-29 | [RI-Malaysia Strengthens Bilateral Ties On Palm Oil - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/44420-ri-malaysia-strengthens-bilateral-ties-on-palm-oil-gabungan-pengusaha-kelapa.md) | +1.9% | -0.1% |
| PALMOIL | 2021-06-24 | [Palm Oil Export Durty Reviewed - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46457-palm-oil-export-durty-reviewed-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | +0.5% | +8.4% |
| PALMOIL | 2024-04-15 | [Biodiesel Success Haunted By Several Challenges - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15653-biodiesel-success-haunted-by-several-challenges-gabungan-pengusaha-kelapa-sawit.md) | -3.6% | -10.0% |
| PALMOIL | 2021-07-02 | [Government Revises Down Palm Oil Export Duty - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45937-government-revises-down-palm-oil-export-duty-gabungan-pengusaha-kelapa-sawit.md) | +3.7% | +9.7% |
| PALMOIL | 2024-02-23 | [B100 Implementation Will Reduce Palm Oil Export - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15666-b100-implementation-will-reduce-palm-oil-export-gabungan-pengusaha-kelapa-sawit.md) | +0.6% | +9.8% |

## Sources

- gapki.id: https://gapki.id/en/news/2023/12/20/gapki-biodiesel-incentive-stabilizes-palm-oil-prices/

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