From d487c1d26b9d3d7ed3c475214df05490d96104ad Mon Sep 17 00:00:00 2001 From: lucilekunze191 <lucilekunze191@noreply.localhost> Date: Sun, 12 Jan 2025 09:25:10 +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..3ea3b8d --- /dev/null +++ b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md @@ -0,0 +1,28 @@ +<br>Indonesia prepares to implement B40 in January<br> +<br>In that case, prices might rally 10%-15% in Jan-March, Mielke says<br> +<br>B40 will require extra 3 mln loads feedstock, GAPKI says<br> +<br>Malaysia palm oil standard at greatest given that mid-2022<br> +<br>India might withdraw import tax trek amidst inflation, Mistry says<br> +<br>(Adds expert comments, updates Malaysia's palm oil criteria rate)<br> +<br>By Bernadette Christina<br> +<br>NUSA DUA, Indonesia, Nov 8 (Reuters) [- Indonesia's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) palm oil output is anticipated to recuperate in 2025 after an anticipated drop this year, however prices are to stay raised due to organized growth of the nation's [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) mandate, market experts said.<br> +<br>The palm [oil standard](https://www.businessnews.com.au/Company/Mission-NewEnergy) rate in Malaysia has actually risen more than 35% this year, lifted by sluggish output and [Indonesia's plan](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) to increase the necessary domestic [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) mix to 40% in January from 35% now in an effort to lower fuel imports.<br> +<br>Palm oil output next year in [leading producer](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Indonesia is anticipated to recover by 1.5 million metric loads compared to a projected drop of just over a million lots this year, Julian McGill, [handling director](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) at Glenauk Economics, told the Indonesia Palm Oil [Conference](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) on Friday.<br> +<br>Thomas Mielke, head of Hamburg-based research company Oil World, stated he expects Indonesia's palm oil production to increase by as much as 2 million lots next year after a 2.5 million heap drop in 2024.<br> +<br>While [Indonesia's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) output is anticipated to enhance, supply from in other places and of other [vegetable oils](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is seen tightening.<br> +<br>[Palm oil](https://forest500.org/rankings/companies/mission-newenergy-limited) output in neighbouring Malaysia is expected to dip a little next year after increasing by an estimated 1 million lots in 2024.<br> +<br>"We would need a recovery in palm in 2025 since combined exports of soya, sunflower and rapeseed oils are declining," Mielke said.<br> +<br>['FRIGHTENING'](https://pitchbook.com/profiles/company/51278-86) PRICE SURGE<br> +<br>The rate surge in palm oil in the previous seven weeks has actually been "frightening" for buyers, Mielke stated, including that it would rally by 10%-15% in January-March if Indonesia imposes the so-called B40 policy.<br> +<br>The Indonesia Palm Oil Association stated [additional](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) feedstock of around 3 million heaps will be needed for B40 application, wearing down export supply.<br> +<br>The present [palm oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) premium has currently triggered palm to lose market share against other oils, Mielke included.<br> +<br>Malaysian [palm oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) prices are seen trading at around $950 to $1,050 per metric heap in 2025, McGill of Glenauk estimated.<br> +<br>Benchmark Malaysian palm oil touched 5,104 [ringgit](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) ($1,165.30) on Friday, the greatest because mid-2022.<br> +<br>"Sentiment right now is red-hot and very bullish, we need to be cautious," said Dorab Mistry, [director](https://forest500.org/rankings/companies/mission-newenergy-limited) at Indian durable goods company Godrej International.<br> +<br>He forecast the Malaysian rate around 5,000 ringgit and above till June 2025.<br> +<br>Mielke and Mistry urged Indonesia to<br> +<br>consider postponing<br> +<br>B40 [implementation](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) on concern about its influence on food consumers.<br> +<br>Meanwhile, Mistry expected top palm oil importer India to withdraw its<br> +<br>import responsibility walking<br> +<br>[enforced](https://www.businessnews.com.au/Company/Mission-NewEnergy) from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe [Writing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by Fransiska Nangoy \ No newline at end of file