From 33dd174a81a429776c07e00cdaac658a38ed6ede Mon Sep 17 00:00:00 2001 From: Olen Oconnor Date: Sun, 12 Jan 2025 02:29:09 +0100 Subject: [PATCH] Add 'Indonesia Palm Oil Output Seen Recovering in 2025, However Biodiesel' --- ...Recovering-in-2025%2C-However-Biodiesel.md | 28 +++++++++++++++++++ 1 file changed, 28 insertions(+) create mode 100644 Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md diff --git a/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md new file mode 100644 index 0000000..992a04f --- /dev/null +++ b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md @@ -0,0 +1,28 @@ +
[Indonesia plans](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to B40 in January
+
In that case, costs may rally 10%-15% in Jan-March, Mielke states
+
B40 will [require additional](https://forest500.org/rankings/companies/mission-newenergy-limited) 3 [mln loads](https://pitchbook.com/profiles/company/51278-86) feedstock, GAPKI states
+
Malaysia palm oil criteria at highest since mid-2022
+
India might withdraw import tax hike amid inflation, Mistry says
+
(Adds analyst remarks, updates Malaysia's palm oil criteria rate)
+
By Bernadette Christina
+
NUSA DUA, Indonesia, Nov 8 (Reuters) - Indonesia's palm oil output is forecast to recuperate in 2025 after an anticipated drop this year, however costs are anticipated to stay raised due to scheduled growth of the nation's [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) required, market experts stated.
+
The [palm oil](https://www.google.com/search?kgmid=/m/0cqd_rb) [criteria](https://www.bloomberg.com/profile/company/MNELF:US) rate in Malaysia has risen more than 35% this year, raised by sluggish output and Indonesia's strategy to increase the obligatory domestic [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) blend to 40% in January from 35% now in an effort to reduce fuel [imports](https://pitchbook.com/profiles/company/51278-86).
+
[Palm oil](https://www.pinterest.com.au/missionnewenergy/) output next year in [leading manufacturer](https://www.zoominfo.com/c/mission-newenergy/346542889) Indonesia is anticipated to recover by 1.5 million metric tons compared with an approximated drop of just over a million lots this year, Julian McGill, managing director at Glenauk Economics, [informed](https://www.pinterest.com.au/missionnewenergy/) the Indonesia Palm Oil Conference on Friday.
+
Thomas Mielke, head of Hamburg-based research [company Oil](https://www.zoominfo.com/c/mission-newenergy/346542889) World, said he anticipates Indonesia's palm oil production to increase by as much as 2 million tons next year after a 2.5 million load drop in 2024.
+
While Indonesia's output is forecast to improve, supply from somewhere else and of other [veggie oils](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) is seen tightening.
+
[Palm oil](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) output in neighbouring Malaysia is expected to dip a little next year after increasing by an approximated 1 million lots in 2024.
+
"We would need a healing in palm in 2025 since combined exports of soya, sunflower and rapeseed oils are declining," Mielke said.
+
['FRIGHTENING'](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) PRICE SURGE
+
The price surge in palm oil in the past 7 weeks has actually been "frightening" for buyers, Mielke said, [including](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) that it would rally by 10%-15% in January-March if [Indonesia implements](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) the so-called B40 policy.
+
The Indonesia Palm Oil Association said additional feedstock of around 3 million tons will be required for B40 application, wearing down export supply.
+
The [current](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) palm oil premium has actually currently [caused palm](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to lose market share versus other oils, Mielke included.
+
Malaysian palm oil prices are seen trading at around $950 to $1,050 per metric ton in 2025, McGill of Glenauk approximated.
+
Benchmark Malaysian palm oil touched 5,104 ringgit ($1,165.30) on Friday, the highest because mid-2022.
+
"Sentiment right now is red-hot and exceptionally bullish, we have to be mindful," said Dorab Mistry, director at Indian durable goods business Godrej International.
+
He anticipated the Malaysian price around 5,000 ringgit and above till June 2025.
+
Mielke and Mistry prompted Indonesia to
+
think about delaying
+
B40 implementation on concern about its effect on food customers.
+
Meanwhile, Mistry expected top palm oil importer India to withdraw its
+
[import duty](https://www.bloomberg.com/profile/company/MNELF:US) hike
+
enforced from September after elections in the state of [Maharashtra](https://www.crunchbase.com/organization/mission-newenergy) in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy \ No newline at end of file