# Palm Oil News - Biodiesel Subsidy Delivered Profits for Corporates: Put Away Smallholders

> 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.

- Date: 2023-10-03 · published 2023-10-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15695-palm-oil-news-biodiesel-subsidy-delivered-profits-for-corporates-put-away
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-10-02 | [Palm Oil Magazine - Biodiesel Subsidies Enrich Large Corporations at the Elimination of Smallholders - Palm Oil Magazine](https://feedsoft.ai/events/15699-palm-oil-magazine-biodiesel-subsidies-enrich-large-corporations-at-the.md) | -4.8% | -3.5% |
| PALMOIL | 2018-04-24 | [Indonesian oil palm smallholders sue state over subsidy to biofuel producers](https://feedsoft.ai/events/65411-indonesian-oil-palm-smallholders-sue-state-over-subsidy-to-biofuel-producers.md) | -0.3% | -2.3% |
| PALMOIL | 2017-05-30 | [Palm Oil News - Assumed, Subsidy to 11 Biodiesel Factory is Misused](https://feedsoft.ai/events/70912-palm-oil-news-assumed-subsidy-to-11-biodiesel-factory-is-misused.md) | -2.9% | -4.4% |
| PALMOIL | 2025-02-03 | [Indonesian palm oil smallholders and the EUDR: Impacts and ways forward - Fern](https://feedsoft.ai/events/26073-indonesian-palm-oil-smallholders-and-the-eudr-impacts-and-ways-forward-fern.md) | +3.6% | +3.5% |
| PALMOIL | 2019-05-24 | [Palm oil watchdog to create separate standards for smallholders - Indonesia director \| The Star](https://feedsoft.ai/events/59195-palm-oil-watchdog-to-create-separate-standards-for-smallholders-indonesia.md) | +0.6% | -0.1% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/12661/biodiesel-subsidy-delivered-profits-for-corporates--put-away-smallholders

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