Rising palm oil prices set to cut Indonesian blend by 41%

March 5, 2014 |

In Indonesia, rising palm oil prices mean that it’s unlikely the country will hit its biodiesel blending target of 3.4 million metric tons. With prices currently at $840 per ton, supplies will instead be diverted for exports, leaving only 2 million tons for domestic consumption, 41% lower than the policy dictates. The biodiesel blend for transport is set at 10% while it is 20% for power plants.

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Category: Policy

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