# LMC sees Malaysian biodiesel production at 1.3 million tons and Indonesia at 7 million tons  : The Daily Digest

> Reuters reports that the head of LMC expects Malaysian biodiesel production to reach 1.3 million metric tons this year and Indonesian output to reach 7 million tons. He expects palm oil stocks to fall by Q2 after two years of low inputs weigh on yields. He sees European CPO prices at $570/mt FOB by mid-2020 but does not expect much price movement before the New Year.

- Date: 2019-09-26 · published 2019-09-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/56958-lmc-sees-malaysian-biodiesel-production-at-1-3-million-tons-and-indonesia-at-7
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Falling palm oil stocks and lower yields tighten the vegetable oil supply, which supports palm oil prices and the feed-fat and meal complex. The forecast implies little price movement until early 2020.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/lmc-sees-malaysian-biodiesel-production-at-1-3-million-tons-and-indonesia-at-7-million-tons/

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