Indonesia pushing to blend even more biodiesel

In Indonesia, the Jakarta Post newspaper reports that the country wants to double B20 consumption to 6.2 billion liters next year. With 700 million liters alone going towards power production by the state-owned power company, the government doesn’t see the increase in blending—and therefore consumption of surplus palm oil—as a challenge. Palm oil prices fell to $420 per metric ton last week from $530 the week prior. In addition to boosting the blending, the government also temporarily halted the export levy on palm oil to help ease the price problem for farmers.