Indonesian palm oil biodiesel exports fell 6.7% in October to 3.04 million tons

In Indonesia, Reuters reports that palm oil biodiesel and oleochemical exports fell 6.7% in October compared to September at 3.04 million metric tons on the back of lower production that month brought on by drier weather. Stocks fell slightly in October by 20,000 tons to 3.71 million tons. Indonesia has been focusing on increased domestic consumption through higher biodiesel blending in an effort to support prices while announcing recently it will promote replanting on half a million hectares over the next three years.