Excitement over Indonesian palm biodiesel subsidy fades

February 26, 2015 |

In Indonesia, excitement over the 31 cents per liter subsidy for palm oil biodiesel has already begun to fade in the face of falling palm oil demand for products aside from biodiesel such as food and cosmetics. Palm oil futures jumped 10% on news of the subsidy but three weeks later are down nearly 5% in the past three week.

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