# Palm oil quotes support Indonesia's plans to increase its biodiesel content to 40%

> Indonesia's energy ministry is pushing ahead with plans to raise its biodiesel mandate from B35 to B40 and aims to fully implement B35 by August 1. September palm oil futures on Bursa Malaysia rose 2.2% to 3,756 ringgit per tonne on 28 June amid higher crude and competing edible oil prices.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15729-palm-oil-quotes-support-indonesia-s-plans-to-increase-its-biodiesel-content-to
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A move toward B40 would divert palm oil from exports into domestic biodiesel, tightening global supply. Together with El Niño concerns, this supports higher palm oil and soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- WTI: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-08-19 | [Indonesia mulls palm oil levies increase to support biodiesel plans](https://feedsoft.ai/events/51467-indonesia-mulls-palm-oil-levies-increase-to-support-biodiesel-plans.md) | -0.7% | +7.2% |
| PALMOIL | 2023-01-13 | [Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies](https://feedsoft.ai/events/15761-indonesia-palm-oil-export-curbs-biodiesel-plans-to-hit-world-vegoil-supplies.md) | +0.1% | -0.0% |
| PALMOIL | 2025-07-25 | [Indonesia’s B50 Biodiesel Tightens Palm Oil Supply](https://feedsoft.ai/events/15546-indonesia-s-b50-biodiesel-tightens-palm-oil-supply.md) | -0.5% | +4.7% |
| PALMOIL | 2026-06-30 | [Indonesia's biodiesel push, El Niño risks to tighten palm oil supply](https://feedsoft.ai/events/15463-indonesia-s-biodiesel-push-el-nino-risks-to-tighten-palm-oil-supply.md) | -0.5% | +0.3% |
| PALMOIL | 2019-12-20 | [Indonesia launches B30 biodiesel to cut costs, boost palm oil](https://feedsoft.ai/events/8616-indonesia-launches-b30-biodiesel-to-cut-costs-boost-palm-oil.md) | +1.5% | +6.0% |
| SBO | 2020-08-19 | [Indonesia mulls palm oil levies increase to support biodiesel plans](https://feedsoft.ai/events/51467-indonesia-mulls-palm-oil-levies-increase-to-support-biodiesel-plans.md) | +1.3% | +10.6% |
| SBO | 2023-01-13 | [Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies](https://feedsoft.ai/events/15761-indonesia-palm-oil-export-curbs-biodiesel-plans-to-hit-world-vegoil-supplies.md) | -1.6% | -9.4% |
| SBO | 2026-06-30 | [Indonesia's biodiesel push, El Niño risks to tighten palm oil supply](https://feedsoft.ai/events/15463-indonesia-s-biodiesel-push-el-nino-risks-to-tighten-palm-oil-supply.md) | +1.3% | +1.8% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-quotes-support-indonesias-plans-to-increase-its-biodiesel-content-to-40/

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