Indonesia’s B40 biodiesel plan would be a ‘disaster’ for global market – opinion
A leading palm oil industry analyst said on Tuesday that Indonesia’s plan to make extensive use of palm oil-based B40 biodiesel from next year would be “disastrous” for the global market as it would entail an additional 1.5 to 1.7 million metric tons of the commodity.
Oil World (Germany) senior analyst David Milke also said that global palm oil production is expected to increase by 2.3 million metric tons in 2024/25 compared to the previous season.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Corn prices in Ukraine could fall by $50–70 per ton due to port blockade
China’s soybean meal prices rise more than 6% in July
Soybean prices in Ukraine fall following rapeseed and sunseed prices
Iran to boost flour exports to Iraq through purchases of Russian and Kazakh wheat
South Korea expands mandatory GM labelling to edible oils and fats
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon