Indonesian palm oil exports could fall to 25 million tons in 2016 thanks to B15

In Indonesia, the national palm agency expects exports to fall by as much as 2.5 million metric tons next year as a result of levies on exports that are funding higher biodiesel blends as well as increased demand from the supplies required to achieve the B15 mandate. In addition to the increased demand, production is also like to remain stagnant or even contract slightly. Exports could reach around 25 million tons, with estimates of up to $600 per ton seen for the first quarter of 2016.