Indonesia will review its crude palm oil export policy to meet B40 biodiesel demand

Jin Ten Futures, January 7, according to foreign media reports, the trade ministry of Indonesia, the world's largest palm oil producer, is considering revising the crude palm oil export ratio to accommodate the implementation of the B40 biodiesel blending project this year. Industry bodies generally expect that with the implementation of the B40 project, Indonesia's biodiesel demand will rise sharply, and domestic supply needs to be adjusted. Indonesia's trade minister said at a press conference on Monday that the government will evaluate the demand for crude palm oil generated by the implementation of B40 before deciding whether to adjust the export ratio. He said that first, it will analyze how much crude palm oil is needed. If the export ratio needs to be changed, it can be easily adjusted.