# Indonesia confident palm oil production can be increased to meet biofuel demand | Reuters

> Indonesia's chief economic minister said he is confident palm oil output can be raised to meet biofuel demand. The government plans to raise the biodiesel blend from 35% to 40% palm-based fuel (B40) in 2025, with further increases expected.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/8037-indonesia-confident-palm-oil-production-can-be-increased-to-meet-biofuel-demand
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher mandatory biodiesel blend diverts more palm oil into fuel, tightening export supply and supporting palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-06-30 | [Indonesia biofuel push adds strain to producers, palm oil markets](https://feedsoft.ai/events/18903-indonesia-biofuel-push-adds-strain-to-producers-palm-oil-markets.md) | -0.5% | +0.3% |
| PALMOIL | 2025-03-19 | [Palm prices end higher due to Indonesia's increased levy and weak Malaysian production](https://feedsoft.ai/events/15576-palm-prices-end-higher-due-to-indonesia-s-increased-levy-and-weak-malaysian.md) | -0.5% | -6.3% |
| 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 | 2022-04-27 | [Indonesia stuns markets as it widens ban to include CPO, refined palm oil \| Reuters](https://feedsoft.ai/events/41964-indonesia-stuns-markets-as-it-widens-ban-to-include-cpo-refined-palm-oil-reuters.md) | +10.1% | +0.6% |
| PALMOIL | 2024-05-27 | [Palm Oil Magazine - Indonesia's Palm Oil Biodiesel Production Reaches 13.1 Million Kiloliters, Awaits B40 Decision - Palm Oil Magazine](https://feedsoft.ai/events/15644-palm-oil-magazine-indonesia-s-palm-oil-biodiesel-production-reaches-13-1.md) | +5.7% | +1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indonesia-chief-econ-minister-confident-palm-oil-production-can-be-boosted-2024-11-07/

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