# Global palm oil prices set to rise on Indonesia's biodiesel mandate

> Indonesia's deputy coordinating minister said global palm oil prices are expected to rise from an average of RM2,200 per tonne once the B20 biodiesel mandate is enforced across all sectors. Indonesia is also trialing B30 and may raise the mandate next year.

- Date: 2018-08-06 · published 2018-08-06T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanded domestic biodiesel use would remove palm oil from export markets, which supports higher palm oil prices and tightens vegetable oil supply.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-04 | [Indonesia's Thirst for Biodiesel May Undercut Global Palm Oil Supply](https://feedsoft.ai/events/54693-indonesia-s-thirst-for-biodiesel-may-undercut-global-palm-oil-supply.md) | +4.6% | -11.1% |
| PALMOIL | 2016-11-25 | [Indonesia sticks to its guns on B20 biodiesel, despite rising palm oil prices \| New Straits Times](https://feedsoft.ai/events/73758-indonesia-sticks-to-its-guns-on-b20-biodiesel-despite-rising-palm-oil-prices.md) | +3.8% | +5.0% |
| PALMOIL | 2025-03-25 | [Indonesia unlikely to back down on B40 biodiesel mandate, helping sustain elevated palm oil prices, says RHB](https://feedsoft.ai/events/15578-indonesia-unlikely-to-back-down-on-b40-biodiesel-mandate-helping-sustain.md) | +0.0% | -6.9% |
| PALMOIL | 2023-06-26 | [Indonesia's Biofuel Blending Mandate Effects on Palm Oil Supply & Price](https://feedsoft.ai/events/15726-indonesia-s-biofuel-blending-mandate-effects-on-palm-oil-supply-and-price.md) | +0.6% | +14.6% |
| PALMOIL | 2024-10-09 | [Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says](https://feedsoft.ai/events/7766-higher-biodiesel-mandates-in-indonesia-to-curb-palm-oil-supplies-analyst-says.md) | -0.0% | +10.4% |
| SBO | 2020-02-04 | [Indonesia's Thirst for Biodiesel May Undercut Global Palm Oil Supply](https://feedsoft.ai/events/54693-indonesia-s-thirst-for-biodiesel-may-undercut-global-palm-oil-supply.md) | +1.1% | -4.8% |
| SBO | 2023-06-26 | [Indonesia's Biofuel Blending Mandate Effects on Palm Oil Supply & Price](https://feedsoft.ai/events/15726-indonesia-s-biofuel-blending-mandate-effects-on-palm-oil-supply-and-price.md) | +3.7% | +16.2% |
| SBO | 2024-10-09 | [Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says](https://feedsoft.ai/events/7766-higher-biodiesel-mandates-in-indonesia-to-curb-palm-oil-supplies-analyst-says.md) | -2.5% | +7.7% |

## Sources

- nst.com.my: https://www.nst.com.my/business/2018/08/398535/global-palm-oil-prices-set-rise-indonesias-biodiesel-mandate

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