# Palm Oil Magazine - Biodiesel Subsidies Enrich Large Corporations at the Elimination of Smallholders - Palm Oil Magazine

> Sawit Watch director Achmad Surambo said biodiesel subsidies from B20 through B35 delivered large profits to major palm oil companies in 2019-2021, citing specific earnings for Wilmar, Musim Mas and others. He also noted the ongoing Attorney General investigation into alleged corruption in the palm oil fund managed by PFMA from 2015 to 2022.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15699-palm-oil-magazine-biodiesel-subsidies-enrich-large-corporations-at-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The story reflects scrutiny of the biodiesel subsidy regime that supports palm oil demand, and any policy change could affect domestic palm oil consumption. No specific policy change has been proposed, so the immediate price impact is minimal.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-10-03 | [Palm Oil News - Biodiesel Subsidy Delivered Profits for Corporates: Put Away Smallholders](https://feedsoft.ai/events/15695-palm-oil-news-biodiesel-subsidy-delivered-profits-for-corporates-put-away.md) | -2.7% | -1.5% |
| 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 | 2018-12-26 | [Indonesia to continue subsidizing biodiesel despite slashing palm oil export levy  : The Daily Digest](https://feedsoft.ai/events/61470-indonesia-to-continue-subsidizing-biodiesel-despite-slashing-palm-oil-export.md) | +5.0% | +7.8% |
| 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 | 2018-12-03 | [The low-ILUC loophole could allow business-as-usual palm oil imports for biodiesel in Europe - International Council on Clean Transportation](https://feedsoft.ai/events/61588-the-low-iluc-loophole-could-allow-business-as-usual-palm-oil-imports-for.md) | +0.3% | +7.6% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/hot-news/2023/10/02/biodiesel-subsidies-enrich-large-corporations-at-the-elimination-of-smallholders/

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