From 5c800d9350d2c81be9787244b518224246b69e5e Mon Sep 17 00:00:00 2001 From: Mike Nordstrom Date: Sat, 18 Jan 2025 18:42:09 +0800 Subject: [PATCH] Add 'Indonesia Palm Oil Output Seen Recovering in 2025, However Biodiesel' --- ...Recovering-in-2025%2C-However-Biodiesel.md | 28 +++++++++++++++++++ 1 file changed, 28 insertions(+) create mode 100644 Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md diff --git a/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md new file mode 100644 index 0000000..54d2207 --- /dev/null +++ b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md @@ -0,0 +1,28 @@ +
Indonesia prepares to carry out B40 in January
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In that case, costs may rally 10%-15% in Jan-March, Mielke states
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B40 will require additional 3 [mln loads](https://www.zoominfo.com/c/mission-newenergy/346542889) feedstock, GAPKI says
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[Malaysia palm](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil [criteria](https://stocktwits.com/symbol/MNEL) at highest because mid-2022
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India might withdraw import [tax trek](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) amid inflation, Mistry says
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(Adds analyst comments, updates Malaysia's palm oil standard price)
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By Bernadette Christina
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NUSA DUA, Indonesia, Nov 8 (Reuters) - Indonesia's palm oil output is [anticipated](https://www.google.com/search?kgmid=/m/0cqd_rb) to recuperate in 2025 after an anticipated drop this year, but prices are [anticipated](https://www.zoominfo.com/c/mission-newenergy/346542889) to remain elevated due to planned expansion of the nation's [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) required, industry experts said.
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The palm oil standard price in Malaysia has risen more than 35% this year, lifted by sluggish output and Indonesia's strategy to increase the mandatory domestic biodiesel blend to 40% in January from 35% now in an effort to [lower fuel](https://www.zoominfo.com/c/mission-newenergy/346542889) imports.
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[Palm oil](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) output next year in leading manufacturer Indonesia is expected to recover by 1.5 million metric loads compared to a [projected drop](https://www.zoominfo.com/c/mission-newenergy/346542889) of simply over a million loads this year, Julian McGill, handling director at Glenauk Economics, informed the [Indonesia Palm](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Oil Conference on Friday.
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Thomas Mielke, head of Hamburg-based research study company Oil World, stated he [expects Indonesia's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) palm oil production to increase by as much as 2 million loads next year after a 2.5 million heap drop in 2024.
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While Indonesia's output is forecast to improve, provide from somewhere else and of other veggie oils is seen tightening up.
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Palm oil output in neighbouring Malaysia is anticipated to dip a little next year after increasing by an [estimated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 1 million loads in 2024.
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"We would require a healing in palm in 2025 due to the fact that combined exports of soya, sunflower and rapeseed oils are declining," Mielke said.
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'FRIGHTENING' PRICE SURGE
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The rate surge in palm oil in the previous 7 weeks has actually been "frightening" for buyers, Mielke said, adding that it would rally by 10%-15% in January-March if Indonesia implements the so-called B40 policy.
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The Indonesia Palm Oil Association stated extra feedstock of around 3 million lots will be required for B40 execution, [eroding export](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) supply.
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The present palm oil [premium](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) has actually currently triggered palm to [lose market](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) share versus other oils, Mielke added.
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Malaysian palm oil costs are seen trading at around $950 to $1,050 per metric load in 2025, McGill of [Glenauk approximated](https://www.businessnews.com.au/Company/Mission-NewEnergy).
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[Benchmark Malaysian](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) palm oil touched 5,104 [ringgit](https://www.zoominfo.com/c/mission-newenergy/346542889) ($1,165.30) on Friday, the highest given that mid-2022.
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"Sentiment right now is red-hot and very bullish, we need to be mindful," said Dorab Mistry, director at Indian consumer products business Godrej International.
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He forecast the Malaysian cost around 5,000 ringgit and above until June 2025.
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Mielke and Mistry urged Indonesia to
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think about delaying
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B40 execution on about its effect on food consumers.
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Meanwhile, Mistry anticipated [leading palm](https://www.zoominfo.com/c/mission-newenergy/346542889) oil importer India to withdraw its
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import responsibility walking
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imposed from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe Writing by [Fransiska](https://www.businessnews.com.au/Company/Mission-NewEnergy) Nangoy \ No newline at end of file