# Indonesia may miss biodiesel target as industrial use lags - The Malaysian Reserve

> Indonesia will probably miss its target to raise palm oil-based biodiesel consumption to a record, with demand seen at about 3 million kilolitres this year versus a 4.6 million kilolitre target. Industries are shunning the biofuel without state subsidies, and the government is unlikely to extend them amid a widening fiscal deficit.

- Date: 2017-07-14 · published 2017-07-14T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/69834-indonesia-may-miss-biodiesel-target-as-industrial-use-lags-the-malaysian-reserve
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker biodiesel blending removes a source of palm oil demand, which may weigh on Malaysian futures as Indonesian and Malaysian output recovers from last year's El Nino.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-07-19 | [Malaysia to export excess biodiesel products - The Malaysian Reserve](https://feedsoft.ai/events/69838-malaysia-to-export-excess-biodiesel-products-the-malaysian-reserve.md) | +1.4% | +4.0% |
| PALMOIL | 2021-08-26 | [Indonesia's B40 biodiesel plan faces new delay](https://feedsoft.ai/events/45435-indonesia-s-b40-biodiesel-plan-faces-new-delay.md) | -2.5% | +2.0% |
| PALMOIL | 2018-01-18 | [Indonesia, Malaysia condemn European move to limit palm oil use \| Reuters](https://feedsoft.ai/events/67074-indonesia-malaysia-condemn-european-move-to-limit-palm-oil-use-reuters.md) | +0.5% | -0.0% |
| PALMOIL | 2018-11-26 | [Malaysian palm oil price in biggest fall in 21 months as Indonesia axes export levy \| The Star](https://feedsoft.ai/events/61908-malaysian-palm-oil-price-in-biggest-fall-in-21-months-as-indonesia-axes-export.md) | -0.5% | +2.0% |
| PALMOIL | 2022-05-20 | [Malaysia to reduce palm oil export tax, biodiesel mandate](https://feedsoft.ai/events/15820-malaysia-to-reduce-palm-oil-export-tax-biodiesel-mandate.md) | +2.6% | -7.0% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2017/07/14/indonesia-may-miss-biodiesel-target-industrial-use-lags/

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