New biodiesel mandate of Indonesia to help global palm oil prices

exports from the United States, Brazil, and Argentina, reports The Hindu businessline. Experts warn that shoppers could face consistently higher prices for cooking oil into the year 2026. A report from the Malaysian Palm Oil Council (MPOC) stated that the country’s palm oil exports saw a significant jump in September. This was driven mostly by a major recovery in shipments to India, providing an important boost for the world’s biggest buyer of edible oil. Overall exports grew by 7.7% from the previous month to 1.42 million tonnes, with the South Asia region, led by India, showing the strongest growth. Despite sending more oil abroad, the amount of palm oil stored in Malaysia climbed to 2.36 million tonnes, the highest in nearly two years. Local use returned to normal levels after a record high in August. In September, palm oil was more expensive than soybean oil in key markets like India and Europe. Analysts point to a potential new rule in Indonesia that would require more palm ...