Indonesia to implement B40 more slowly to not rock the crude palm oil market

In Indonesia, Bernama news agency reports that crude palm oil prices have reversed a recent upward trend that put at risk the country’s plans to shift to B40 in January. With the prices so high, they would have reduced the country’s ability to export and therefore receive income from the export levy that is meant to subsidize biodiesel prices for domestic blending. In order to keep prices in check, the B40 program will likely be implemented more slowly so as to not shake up the market.