From 257f85d4a6de2d37b6dba87e5afe90e3fb594df4 Mon Sep 17 00:00:00 2001 From: Andreas Northrup Date: Sat, 11 Jan 2025 22:27:17 +0800 Subject: [PATCH] Add 'Indonesia Palm Oil Output Seen Recovering in 2025, but Biodiesel' --- ...put-Seen-Recovering-in-2025%2C-but-Biodiesel.md | 28 ++++++++++++++++++++++ 1 file changed, 28 insertions(+) create mode 100644 Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-but-Biodiesel.md diff --git a/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-but-Biodiesel.md b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-but-Biodiesel.md new file mode 100644 index 0000000..c721b9e --- /dev/null +++ b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-but-Biodiesel.md @@ -0,0 +1,28 @@ +
[Indonesia plans](https://www.google.com/search?kgmid=/m/0cqd_rb) to carry out B40 in January
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Because case, prices might rally 10%-15% in Jan-March, Mielke says
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B40 will need extra 3 mln tons feedstock, GAPKI states
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[Malaysia palm](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [oil criteria](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) at highest because mid-2022
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India might [withdraw import](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) [tax trek](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) amidst inflation, Mistry says
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(Adds expert comments, [updates Malaysia's](https://www.businessnews.com.au/Company/Mission-NewEnergy) palm oil criteria price)
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By Bernadette Christina
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NUSA DUA, Indonesia, Nov 8 (Reuters) - Indonesia's palm oil output is forecast to recuperate in 2025 after an anticipated drop this year, but prices are expected to stay elevated due to [scheduled growth](https://forest500.org/rankings/companies/mission-newenergy-limited) of the country's [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) mandate, market analysts stated.
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The [palm oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) standard rate in [Malaysia](https://www.zoominfo.com/c/mission-newenergy/346542889) has risen more than 35% this year, lifted by [slow output](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) and Indonesia's strategy to increase the [mandatory domestic](https://stocktwits.com/symbol/MNEL) [biodiesel](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) mix to 40% in January from 35% now in an effort to lower fuel imports.
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[Palm oil](https://www.google.com/search?kgmid=/m/0cqd_rb) output next year in leading manufacturer Indonesia is expected to recover by 1.5 million metric tons compared with an approximated drop of just over a million heaps this year, Julian McGill, handling director at Glenauk Economics, told the [Indonesia Palm](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Oil Conference on Friday.
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Thomas Mielke, head of Hamburg-based research company Oil World, said he expects Indonesia's palm oil [production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to increase by as much as 2 million lots next year after a 2.5 million lot drop in 2024.
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While Indonesia's output is anticipated to improve, provide from somewhere else and of other vegetable oils is seen tightening.
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Palm oil output in [neighbouring Malaysia](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is [expected](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to dip slightly next year after increasing by an estimated 1 million lots in 2024.
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"We would require a healing in palm in 2025 because combined exports of soya, sunflower and rapeseed oils are declining," Mielke said.
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'FRIGHTENING' PRICE SURGE
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The rate surge in palm oil in the past 7 weeks has been "frightening" for purchasers, Mielke stated, adding that it would rally by 10%-15% in January-March if Indonesia imposes the so-called B40 policy.
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The Indonesia Palm Oil Association stated additional feedstock of around 3 million tons will be required for B40 execution, wearing down export supply.
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The existing [palm oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) has already caused palm to lose market share against other oils, Mielke included.
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Malaysian palm oil prices are seen trading at around $950 to $1,050 per metric ton in 2025, McGill of Glenauk estimated.
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Benchmark Malaysian palm oil touched 5,104 ringgit ($1,165.30) on Friday, the highest given that mid-2022.
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"Sentiment today is red-hot and exceptionally bullish, we have to take care," said Dorab Mistry, director at Indian durable goods business Godrej International.
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He anticipated the Malaysian price around 5,000 ringgit and above until June 2025.
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Mielke and Mistry advised Indonesia to
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consider postponing
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B40 application on issue about its effect on food customers.
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Meanwhile, Mistry anticipated leading palm oil importer India to withdraw its
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import responsibility walking
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enforced from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) ([Reporting](https://forest500.org/rankings/companies/mission-newenergy-limited) by Bernadette Christina Munthe Writing by [Fransiska](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Nangoy \ No newline at end of file