From January 1, 2025, Indonesia will implement mandatory B40. How far will it support palm oil prices?

Gold Ten Futures Special New Lake Futures Comments: This morning, the Indonesian government may implement B40 on January 1, 2025, the news fermented, palm oil led the oil sector, P2501 increased to 2% in the morning. Yesterday, there was relevant news but the market did not seem to pay attention. Today, there is another news that the Indonesian Ministry of Energy and Mineral Resources announced that B40 will be mandatory from January 1, 2025. Since the beginning of this year, the Indonesian side has repeatedly said that B40 will be implemented in 2025, and B40 fuel testing in related fields has been carried out, but the official has never given the exact time of B40 implementation in 2025, and the BMD wool palm disk has not traded this or more favorable. If today's news is true, the full implementation of B40 in Indonesia in 2025 may increase the consumption of raw wood in Indonesian wool palm by more than 2 million tons compared with 2024 when B35 is implemented. In the context of a significant slowdown in Indonesia's palm oil production growth in the past two years, the implementation of B40 may tighten Indonesia's palm oil supply and demand in 2025. In the medium and long term, Indonesia's B40 policy in 2025 will strengthen international palm oil prices.