# Palm oil industry catalyst

> Indonesia's planned B-35 biodiesel mandate for Biosolar fuel, effective January 2023, is expected to raise domestic palm oil absorption from 30% to 35% blending. Industry groups say supply is sufficient to meet higher consumption, with total use rising from 18 to 21 million tonnes.

- Date: 2022-12-19 · published 2022-12-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15770-palm-oil-industry-catalyst
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher domestic biodiesel mandate diverts palm oil from exports into fuel, tightening global supply and supporting palm oil and soybean oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-12-13 | [Crucial 2024 likely for palm oil industry – CPOPC](https://feedsoft.ai/events/32802-crucial-2024-likely-for-palm-oil-industry-cpopc.md) | -0.3% | +0.7% |
| PALMOIL | 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) | +2.8% | +8.4% |
| PALMOIL | 2017-02-01 | [Palm Oil News - National Palm Oil Industries Might be Good](https://feedsoft.ai/events/72369-palm-oil-news-national-palm-oil-industries-might-be-good.md) | -0.5% | -8.8% |
| PALMOIL | 2019-11-01 | [Rally in palm oil 'red hot, ' analyst says \| The Star](https://feedsoft.ai/events/4284-rally-in-palm-oil-red-hot-analyst-says-the-star.md) | +12.8% | +16.7% |
| PALMOIL | 2023-08-29 | [Malaysia: Effects of windfall profit levy on the palm oil industry](https://feedsoft.ai/events/15711-malaysia-effects-of-windfall-profit-levy-on-the-palm-oil-industry.md) | +1.2% | -3.2% |
| SBO | 2019-11-01 | [Rally in palm oil 'red hot, ' analyst says \| The Star](https://feedsoft.ai/events/4284-rally-in-palm-oil-red-hot-analyst-says-the-star.md) | +2.2% | -1.1% |
| SBO | 2021-10-12 | [Oil becoming new driver for soybean industry](https://feedsoft.ai/events/44619-oil-becoming-new-driver-for-soybean-industry.md) | +2.9% | -1.9% |
| SBO | 2024-10-09 | [Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says](https://feedsoft.ai/events/7766-higher-biodiesel-mandates-in-indonesia-to-curb-palm-oil-supplies-analyst-says.md) | -2.5% | +7.7% |

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/december-2022/palm-oil-industry-catalyst.html

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