In Malaysia, Business Times reported that domestic palm oil consumption in Indonesia could surge by about three million tons should the government implement its B50 biodiesel mandate, according to CIMB Securities.
The firm noted that this potential increase accounts for about 6.2% of Indonesia’s estimated 2024 crude palm oil (CPO) production of 48.2 million tons, based on figures from the Indonesian Palm Oil Association (GAPKI).
“We believe that if Indonesia implements B50, it would be supportive of CPO prices in 2026, as the additional demand would likely offset any negative impact from the higher US import tariffs on palm oil,” it added.
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Category: Food & Agriculture
