# Indonesia boosts domestic palm oil consumption as currency pressures mount - Oxford Business Group

> Indonesia ratified a regulation in late August mandating 20% biodiesel (B20) using palm oil for all vehicles and heavy machinery. In September the government amended Estate Crop Fund rules so it can bridge the price gap between biodiesel and standard diesel across all sectors.

- Date: 2018-10-17 · published 2018-10-17T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/62404-indonesia-boosts-domestic-palm-oil-consumption-as-currency-pressures-mount
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Mandated domestic palm oil biodiesel use absorbs more palm oil and reduces Indonesian export availability, supporting palm oil prices and easing diesel import needs.

## Read by commodity

- SBO: neutral
- USDIDR: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-07-17 | [Indonesia sticking with domestic palm oil sale rules ahead of B35 implementation - The Business Times](https://feedsoft.ai/events/15718-indonesia-sticking-with-domestic-palm-oil-sale-rules-ahead-of-b35.md) | +1.2% | -3.2% |
| PALMOIL | 2023-11-02 | [Palm oil rises by more than 2% as Indonesia extends export curbs - Markets - Business Recorder](https://feedsoft.ai/events/33278-palm-oil-rises-by-more-than-2-as-indonesia-extends-export-curbs-markets.md) | +4.1% | +6.2% |
| PALMOIL | 2022-02-01 | [Indonesia imposes mandatory domestic sales on palm oil](https://feedsoft.ai/events/8090-indonesia-imposes-mandatory-domestic-sales-on-palm-oil.md) | +6.0% | +25.6% |
| PALMOIL | 2024-09-28 | [Indonesia's palm oil exports to decline amid rising domestic demand for biodiesel I I Bioenergy Business](https://feedsoft.ai/events/15616-indonesia-s-palm-oil-exports-to-decline-amid-rising-domestic-demand-for.md) | +9.1% | +9.7% |
| PALMOIL | 2018-02-12 | [Export tax freeze to support Malaysian palm oil industry - Oxford Business Group](https://feedsoft.ai/events/66368-export-tax-freeze-to-support-malaysian-palm-oil-industry-oxford-business-group.md) | +0.5% | -3.5% |
| SBO | 2018-02-12 | [Export tax freeze to support Malaysian palm oil industry - Oxford Business Group](https://feedsoft.ai/events/66368-export-tax-freeze-to-support-malaysian-palm-oil-industry-oxford-business-group.md) | -1.3% | -1.3% |
| SBO | 2024-10-01 | [Palm bounces back on Indonesia’s October reference price hike - Markets - Business Recorder](https://feedsoft.ai/events/7238-palm-bounces-back-on-indonesia-s-october-reference-price-hike-markets-business.md) | +1.5% | +2.7% |
| SBO | 2021-08-27 | [Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder](https://feedsoft.ai/events/45440-indonesia-sept-crude-palm-oil-export-reference-price-export-tax-set-higher.md) | -1.8% | -4.6% |

## Sources

- oxfordbusinessgroup.com: https://oxfordbusinessgroup.com/articles-interviews/indonesia-boosts-domestic-palm-oil-consumption-as-currency-pressures-mount

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