# Slick operator: Indonesian cooking oil probe may spread to biodiesel industry

> Indonesian prosecutors have arrested economist Lin Che Wei over his alleged role in securing export permits for palm oil companies, a practice blamed for a domestic cooking oil shortage. The probe may extend to the biodiesel industry and the state palm oil fund.

- Date: 2022-05-19 · published 2022-05-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15821-slick-operator-indonesian-cooking-oil-probe-may-spread-to-biodiesel-industry
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Investigations into export permit practices add uncertainty to Indonesian palm oil export flows, supporting palm prices and biodiesel feedstock costs while policy remains unpredictable.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-06 | [Indonesia’s biodiesel thirst may weaken palm oil exports](https://feedsoft.ai/events/54503-indonesia-s-biodiesel-thirst-may-weaken-palm-oil-exports.md) | -2.7% | -11.2% |
| PALMOIL | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | +1.8% | +0.9% |
| 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% |
| PALMOIL | 2026-03-09 | [Indonesia may revive B50 biodiesel mix plan as oil prices soar \| Reuters](https://feedsoft.ai/events/20268-indonesia-may-revive-b50-biodiesel-mix-plan-as-oil-prices-soar-reuters.md) | +3.6% | +8.6% |
| PALMOIL | 2018-08-07 | [Indonesia bets big on biodiesel to limit costs of oil imports](https://feedsoft.ai/events/63404-indonesia-bets-big-on-biodiesel-to-limit-costs-of-oil-imports.md) | +0.0% | +2.6% |
| SBO | 2020-05-18 | [Palm-based B30 biodiesel mandate to continue with Indonesian government backing](https://feedsoft.ai/events/52989-palm-based-b30-biodiesel-mandate-to-continue-with-indonesian-government-backing.md) | +0.2% | +4.4% |
| SBO | 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) | +0.6% | +6.4% |
| SBO | 2021-06-29 | [Indonesia Revises Palm Oil Export Levy While Safeguarding Biodiesel Funding - Media Biodiesel](https://feedsoft.ai/events/46455-indonesia-revises-palm-oil-export-levy-while-safeguarding-biodiesel-funding.md) | +1.1% | +3.5% |

## Sources

- news.mongabay.com: https://news.mongabay.com/2022/05/slick-operator-indonesian-cooking-oil-probe-may-spread-to-biodiesel-industry/

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