# Palm Oil Industry Helps Realize Energy Mix Target - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> GAPKI reports that Indonesia's palm oil industry supplies fatty acid methyl ester for biodiesel blending under the mandatory B30 program. The government targets 25 percent new and renewable energy in its national energy mix. Biodiesel use has reduced diesel imports and saved foreign exchange, according to statistics agency BPS.

- Date: 2020-11-05 · published 2020-11-05T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/50046-palm-oil-industry-helps-realize-energy-mix-target-gabungan-pengusaha-kelapa
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The biodiesel mandate absorbs a large share of domestic crude palm oil, which tightens exportable supply and supports global palm prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-06-24 | [Palm Oil Export Durty Reviewed - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46457-palm-oil-export-durty-reviewed-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | +0.5% | +8.4% |
| PALMOIL | 2021-10-29 | [RI-Malaysia Strengthens Bilateral Ties On Palm Oil - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/44420-ri-malaysia-strengthens-bilateral-ties-on-palm-oil-gabungan-pengusaha-kelapa.md) | +1.9% | -0.1% |
| PALMOIL | 2021-07-02 | [Government Revises Down Palm Oil Export Duty - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45937-government-revises-down-palm-oil-export-duty-gabungan-pengusaha-kelapa-sawit.md) | +3.7% | +9.7% |
| PALMOIL | 2024-04-08 | [Palm Industry Players Worried Over Supply Growth - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/30836-palm-industry-players-worried-over-supply-growth-gabungan-pengusaha-kelapa.md) | -1.3% | -10.7% |
| PALMOIL | 2024-08-20 | [RI To Intensify Downstreaming Of Palm Oil Industries Next Year - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15623-ri-to-intensify-downstreaming-of-palm-oil-industries-next-year-gabungan.md) | +1.8% | +4.8% |

## Sources

- gapki.id: https://gapki.id/en/news/2020/11/05/palm-oil-industry-helps-realize-energy-mix-target/

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