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<br>[Indonesia plans](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to B40 in January<br> |
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<br>In that case, costs may rally 10%-15% in Jan-March, Mielke states<br> |
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<br>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<br> |
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<br>Malaysia palm oil criteria at highest since mid-2022<br> |
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<br>India might withdraw import tax hike amid inflation, Mistry says<br> |
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<br>(Adds analyst remarks, updates Malaysia's palm oil criteria rate)<br> |
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<br>By Bernadette Christina<br> |
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<br>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.<br> |
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<br>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).<br> |
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<br>[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.<br> |
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<br>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.<br> |
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<br>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.<br> |
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<br>[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.<br> |
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<br>"We would need a healing in palm in 2025 since combined exports of soya, sunflower and rapeseed oils are declining," Mielke said.<br> |
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<br>['FRIGHTENING'](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) PRICE SURGE<br> |
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<br>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.<br> |
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<br>The Indonesia Palm Oil Association said additional feedstock of around 3 million tons will be required for B40 application, wearing down export supply.<br> |
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<br>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.<br> |
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<br>Malaysian palm oil prices are seen trading at around $950 to $1,050 per metric ton in 2025, McGill of Glenauk approximated.<br> |
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<br>Benchmark Malaysian palm oil touched 5,104 ringgit ($1,165.30) on Friday, the highest because mid-2022.<br> |
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<br>"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.<br> |
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<br>He anticipated the Malaysian price around 5,000 ringgit and above till June 2025.<br> |
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<br>Mielke and Mistry prompted Indonesia to<br> |
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<br>think about delaying<br> |
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<br>B40 implementation on concern about its effect on food customers.<br> |
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<br>Meanwhile, Mistry expected top palm oil importer India to withdraw its<br> |
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<br>[import duty](https://www.bloomberg.com/profile/company/MNELF:US) hike<br> |
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<br>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 |
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