# Indonesia looks at policy revamp to keep biodiesel programme alive - The Business Times

> Indonesia's Estate Crop Fund Agency says policy changes are needed to keep the biodiesel subsidy program funded. The price gap between palm-based biodiesel and diesel widened in 2020, and the agency projects 9.59 million kilolitres of biodiesel consumption in 2021. Options include higher palm levies, a fuel excise tax, or company contributions.

- Date: 2020-12-02 · published 2020-12-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/49527-indonesia-looks-at-policy-revamp-to-keep-biodiesel-programme-alive-the-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher projected biodiesel use would absorb more palm oil domestically and support prices. The unresolved funding plan leaves the timing and size of future levy changes uncertain.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-03-17 | [Indonesia pledges policy transparency with new palm oil exchange - The Business Times](https://feedsoft.ai/events/15748-indonesia-pledges-policy-transparency-with-new-palm-oil-exchange-the-business.md) | -2.8% | -6.4% |
| PALMOIL | 2019-05-02 | [Indonesia 2019 biodiesel exports to rise  \| The Star](https://feedsoft.ai/events/58956-indonesia-2019-biodiesel-exports-to-rise-the-star.md) | -3.3% | -3.6% |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2018-09-27 | [Indonesia to offer carrot to US dollar hoarders to boost rupiah - The Business Times](https://feedsoft.ai/events/63358-indonesia-to-offer-carrot-to-us-dollar-hoarders-to-boost-rupiah-the-business.md) | -0.8% | -0.8% |
| PALMOIL | 2024-04-27 | [OPINION: RI’s Biodiesel: Look Inward To Move Forward - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15649-opinion-ri-s-biodiesel-look-inward-to-move-forward-gabungan-pengusaha-kelapa.md) | -6.1% | -5.0% |

## Sources

- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/indonesia-looks-policy-revamp-keep-biodiesel-programme-alive

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