Indonesia looking to boost biodiesel mandate levels to support farmers

In Indonesia, Reuters reports Indonesia has proposed raising palm oil export quotas and is considering raising mandatory levels of biodiesel in fuel blends to prop up prices for farmers as domestic palm oil inventories run high, a minister said on Saturday.

Palm oil inventories soared and factories limited purchases from farmers after Jakarta halted exports of crude palm oil and some other derivatives for three weeks until May 23 in an attempt to stem the rise. of domestic cooking oil prices.