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Sawit Watch director Achmad Surambo said biodiesel subsidies from B20 through B35 mainly benefited large palm oil companies, with Wilmar receiving the largest share. He cited total palm oil fund levy collections of Rp 70.99 trillion for 2019-2021 against Rp 68 trillion in subsidies to corporates, and an ongoing corruption probe into the fund.
The criticism concerns how biodiesel subsidies are distributed and could prompt policy scrutiny of the biodiesel mandate. Any resulting change to the subsidy structure would matter for domestic palm oil demand, but no change has been announced.
en.infosawit.comInfoSAWIT EnglishOct 3, 2023After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
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.
