# Indonesia palm oil firms warn of food security risks as biodiesel use rises - Nikkei Asia

> Indonesian palm oil producers warn that rising domestic biofuel demand could harm food security and reduce exports amid stagnant production. The government is considering doubling the replanting subsidy.

- Date: 2024-02-28 · published 2024-02-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/9425-indonesia-palm-oil-firms-warn-of-food-security-risks-as-biodiesel-use-rises
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Biodiesel mandates diverting palm oil away from export markets tighten global vegetable oil supply, supporting palm and soyoil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-08-30 | [Palm Oil Rises After Indonesia Raises Export Tax, Biodiesel Use](https://feedsoft.ai/events/15797-palm-oil-rises-after-indonesia-raises-export-tax-biodiesel-use.md) | -7.5% | -11.0% |
| PALMOIL | 2026-06-30 | [Indonesia's biodiesel push, El Niño risks to tighten palm oil supply](https://feedsoft.ai/events/15463-indonesia-s-biodiesel-push-el-nino-risks-to-tighten-palm-oil-supply.md) | -0.5% | +0.3% |
| PALMOIL | 2023-02-07 | [Indonesia shakes palm oil market again, eyeing biodiesel over exports - Nikkei Asia](https://feedsoft.ai/events/15757-indonesia-shakes-palm-oil-market-again-eyeing-biodiesel-over-exports-nikkei-asia.md) | +0.2% | +4.2% |
| PALMOIL | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | +1.8% | +0.9% |
| PALMOIL | 2025-05-14 | [Indonesian palm oil exports set to fall with biofuel mandate - Nikkei Asia](https://feedsoft.ai/events/24754-indonesian-palm-oil-exports-set-to-fall-with-biofuel-mandate-nikkei-asia.md) | +0.7% | +1.5% |
| SBO | 2026-06-30 | [Indonesia's biodiesel push, El Niño risks to tighten palm oil supply](https://feedsoft.ai/events/15463-indonesia-s-biodiesel-push-el-nino-risks-to-tighten-palm-oil-supply.md) | +1.3% | +1.8% |
| SBO | 2023-02-07 | [Indonesia shakes palm oil market again, eyeing biodiesel over exports - Nikkei Asia](https://feedsoft.ai/events/15757-indonesia-shakes-palm-oil-market-again-eyeing-biodiesel-over-exports-nikkei-asia.md) | +1.6% | +1.8% |
| SBO | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | -1.3% | +0.1% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/indonesia-palm-oil-firms-warn-of-food-security-risks-as-biodiesel-use-rises

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