# The B35 programme makes Indonesia a barometer of world palm oil price

> Indonesia's government says the B35 biodiesel programme, started 1 February 2023, has kept crude palm oil prices from falling too far. The global CPO price reportedly recovered to about $889 per tonne from $779. Officials say the programme will continue to support prices.

- Date: 2023-03-03 · published 2023-03-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15747-the-b35-programme-makes-indonesia-a-barometer-of-world-palm-oil-price
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biodiesel absorption of palm oil tightens exportable supply and supports palm and vegetable oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-03 | [Low palm oil stocks in Indonesia boost prices](https://feedsoft.ai/events/12321-low-palm-oil-stocks-in-indonesia-boost-prices.md) | +0.7% | -7.2% |
| PALMOIL | 2021-04-06 | [Indonesia’s Palm Oil Tax Regime as of April 2021](https://feedsoft.ai/events/47464-indonesia-s-palm-oil-tax-regime-as-of-april-2021.md) | -1.7% | +9.0% |
| PALMOIL | 2023-02-08 | [Indonesia's new palm oil biodiesel programme profits major corporations at the expense of smallholders, says union](https://feedsoft.ai/events/15754-indonesia-s-new-palm-oil-biodiesel-programme-profits-major-corporations-at-the.md) | -0.4% | +1.7% |
| PALMOIL | 2023-07-18 | [Indonesia to keep domestic palm oil sale rules ahead of B35 – official](https://feedsoft.ai/events/15722-indonesia-to-keep-domestic-palm-oil-sale-rules-ahead-of-b35-official.md) | +1.9% | -4.1% |
| PALMOIL | 2023-09-03 | [Indonesia, Malaysia push biofuel to offset palm oil price downturn - Nikkei Asia](https://feedsoft.ai/events/15700-indonesia-malaysia-push-biofuel-to-offset-palm-oil-price-downturn-nikkei-asia.md) | -6.9% | -9.4% |
| SBO | 2021-04-06 | [Indonesia’s Palm Oil Tax Regime as of April 2021](https://feedsoft.ai/events/47464-indonesia-s-palm-oil-tax-regime-as-of-april-2021.md) | -2.0% | +18.2% |
| SBO | 2023-02-08 | [Indonesia's new palm oil biodiesel programme profits major corporations at the expense of smallholders, says union](https://feedsoft.ai/events/15754-indonesia-s-new-palm-oil-biodiesel-programme-profits-major-corporations-at-the.md) | +0.7% | -0.5% |
| SBO | 2023-07-18 | [Indonesia to keep domestic palm oil sale rules ahead of B35 – official](https://feedsoft.ai/events/15722-indonesia-to-keep-domestic-palm-oil-sale-rules-ahead-of-b35-official.md) | +9.5% | +0.4% |

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/march-2023/the-b35-programme-makes-indonesia-a-barometer-of-world-palm-oil-price.html

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