# Palm Oil News - CSPO Watch 032023 - CSPO Watch

> Indonesia says its B35 biodiesel ramp-up is slow, with palm-based biodiesel use reaching only 2.1 million kiloliters from January to mid-March, versus 2.5 million a year earlier. Indonesia will keep its 35% blend target for 2023 and give fuel retailers until mid-year to adjust. Malaysia also plans new palm oil export hubs in Egypt and Saudi Arabia.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15751-palm-oil-news-cspo-watch-032023-cspo-watch
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker-than-planned biodiesel absorption leaves more palm oil available for export, a bearish factor, while the target keeps long-run domestic demand supported.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-05-28 | [Focus on Palm Oil & RSPO \| NQA News](https://feedsoft.ai/events/19288-focus-on-palm-oil-and-rspo-nqa-news.md) | +3.1% | -2.0% |
| PALMOIL | 2021-05-03 | [Palm Oil News - The Critics to CSF and OF](https://feedsoft.ai/events/46980-palm-oil-news-the-critics-to-csf-and-of.md) | +11.2% | +9.1% |
| PALMOIL | 2018-03-22 | [Palm Oil News - The Problems (Malakama) in Palm Oil](https://feedsoft.ai/events/65882-palm-oil-news-the-problems-malakama-in-palm-oil.md) | +0.1% | +0.1% |
| PALMOIL | 2021-11-22 | [Palm Oil News - IPOA Will Conduct IPOC 2021: As Palm Oil Gets 30% of Tax](https://feedsoft.ai/events/15863-palm-oil-news-ipoa-will-conduct-ipoc-2021-as-palm-oil-gets-30-of-tax.md) | -1.0% | -10.1% |
| PALMOIL | 2023-06-24 | [Palm Oil News - July 2023 Export Tax in Malaysia Would be 8 Percent](https://feedsoft.ai/events/15723-palm-oil-news-july-2023-export-tax-in-malaysia-would-be-8-percent.md) | +0.6% | +14.6% |
| SBO | 2023-06-24 | [Palm Oil News - July 2023 Export Tax in Malaysia Would be 8 Percent](https://feedsoft.ai/events/15723-palm-oil-news-july-2023-export-tax-in-malaysia-would-be-8-percent.md) | +3.7% | +16.2% |
| SBO | 2021-02-23 | [The Palm Oil Industry is Changing — and the EU Can Help — CSPO](https://feedsoft.ai/events/48669-the-palm-oil-industry-is-changing-and-the-eu-can-help-cspo.md) | +2.0% | +19.7% |
| SBO | 2018-04-26 | [Winners and losers from the proposed ban on palm oil - Renewable Carbon News](https://feedsoft.ai/events/65525-winners-and-losers-from-the-proposed-ban-on-palm-oil-renewable-carbon-news.md) | -1.4% | +3.0% |

## Sources

- cspo-watch.com: https://www.cspo-watch.com/palm-oil-news-cspo-watch-032023.html

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