В пятницу Индонезия предложила повысить экспортные квоты на пальмовое масло

Published 2022년 7월 4일

Tridge summary

Indonesia is set to increase palm oil exports and mandatory biodiesel levels to support farmers and manage high domestic supplies. The government will allow companies to export seven times as much palm oil as they do domestically, and may raise biodiesel blend levels to 35% or 40% from 30%. However, Malaysian palm oil futures fell by 4% due to recessionary fears and higher supply prospects, although they later recovered slightly.

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Original content

On Friday, Indonesia proposed raising export quotas for palm oil and is considering increasing mandatory levels of biodiesel in fuel blends to support prices for farmers at a time when domestic palm oil supplies are high, a senior minister said on Saturday. Palm oil inventories soared and mills limited purchases of fresh fruit bunches (FFB) from farmers after Jakarta stopped exports of crude palm oil and some other derivatives for three weeks until May 23 in an attempt to curb rising domestic vegetable oil prices, oilworld reported. ru with reference to Reuters. Indonesia replaced the ban with a Domestic Market Obligation (DMO), requiring companies to supply some of their products to the domestic market under the government's bulk vegetable oil program, and tied DMO volumes to companies' export permits and quotas. According to the government, DMO volumes at the end of June were around 270,000 tons. According to Senior Minister Luhut Panjaitan, the government will now allow ...

Source: Oilworld