# Indonesia pushes biodiesel production costs down 20%  : The Daily Digest

> Indonesia's Energy Ministry cut the assumed cost of converting crude palm oil into biodiesel by 20%, to $80 per tonne from $100. The biodiesel market price index was also lowered for June.

- Date: 2020-06-09 · published 2020-06-09T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/52488-indonesia-pushes-biodiesel-production-costs-down-20-the-daily-digest
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Cheaper biodiesel production makes the B30 blending mandate easier to fund from palm export levies, which supports domestic palm oil use for biofuel and firms palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-03-12 | [Indonesian biodiesel production seen jumping to 3.5 million tons this year  : The Daily Digest](https://feedsoft.ai/events/65877-indonesian-biodiesel-production-seen-jumping-to-3-5-million-tons-this-year-the.md) | +1.1% | +4.0% |
| PALMOIL | 2024-03-25 | [Indonesia sets biodiesel production volumes for B50 \| Latest Market News](https://feedsoft.ai/events/15657-indonesia-sets-biodiesel-production-volumes-for-b50-latest-market-news.md) | +0.1% | -1.8% |
| PALMOIL | 2022-11-09 | [Indonesia to Boost Biodiesel Production With Palm Oil Considering High Crude Oil Prices](https://feedsoft.ai/events/15778-indonesia-to-boost-biodiesel-production-with-palm-oil-considering-high-crude.md) | -2.9% | -1.6% |
| PALMOIL | 2017-08-24 | [Malaysia teaming with Indonesia to develop Chinese and Indian biodiesel markets  : The Daily Digest](https://feedsoft.ai/events/69317-malaysia-teaming-with-indonesia-to-develop-chinese-and-indian-biodiesel-markets.md) | +0.1% | +6.0% |
| 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% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/indonesia-pushes-biodiesel-production-costs-down-20/

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