From 3014bf1332f9aeea614294c1aef7b96fd30a5a28 Mon Sep 17 00:00:00 2001 From: aureliacarnarv Date: Sat, 11 Jan 2025 20:25:02 -0500 Subject: [PATCH] Add 'Indonesia Palm Oil Output Seen Recovering in 2025, but Biodiesel' --- ...een-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..fbf6233 --- /dev/null +++ b/Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-but-Biodiesel.md @@ -0,0 +1,28 @@ +
Indonesia plans to execute 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 loads feedstock, GAPKI states
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Malaysia palm oil standard at greatest given that mid-2022
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India may withdraw import tax [trek amidst](https://stocktwits.com/symbol/MNEL) inflation, Mistry states
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(Adds analyst remarks, updates Malaysia's palm oil benchmark price)
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By Bernadette Christina
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NUSA DUA, Indonesia, Nov 8 (Reuters) - Indonesia's palm oil output is anticipated to recuperate in 2025 after an anticipated drop this year, but costs are anticipated to stay raised due to scheduled expansion of the [country's 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) required, market experts said.
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The palm oil benchmark rate in Malaysia has increased more than 35% this year, raised by slow output and Indonesia's strategy to increase the [compulsory domestic](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) blend to 40% in January from 35% now in an effort to lower fuel imports.
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Palm oil output next year in top producer Indonesia is anticipated to recover by 1.5 million [metric heaps](https://www.pinterest.com.au/missionnewenergy/) compared to an estimated drop of simply over a million loads this year, Julian McGill, managing director at Glenauk Economics, informed the Indonesia Palm [Oil Conference](https://www.crunchbase.com/organization/mission-newenergy) on Friday.
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Thomas Mielke, head of Hamburg-based research [study company](https://pitchbook.com/profiles/company/51278-86) Oil World, said he expects Indonesia's palm oil production to [increase](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by as much as 2 million heaps next year after a 2.5 million load drop in 2024.
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While [Indonesia's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) output is forecast to improve, supply from somewhere else and of other vegetable oils is seen [tightening](https://pitchbook.com/profiles/company/51278-86) up.
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Palm oil output in neighbouring Malaysia is expected to dip slightly next year after increasing by an [estimated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 1 million loads in 2024.
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"We would need a recovery in palm in 2025 since combined exports of soya, sunflower and rapeseed oils are declining," Mielke said.
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'FRIGHTENING' PRICE SURGE
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The cost surge in palm oil in the past 7 weeks has actually been "frightening" for purchasers, Mielke said, including that it would rally by 10%-15% in January-March if Indonesia imposes the [so-called](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) B40 policy.
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The Indonesia Palm Oil Association stated additional feedstock of around 3 million tons will be needed for B40 implementation, deteriorating export supply.
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The present [premium](https://www.bloomberg.com/profile/company/MNELF:US) has actually already caused palm to lose market share versus other oils, Mielke added.
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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 considering that mid-2022.
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"Sentiment today is red-hot and incredibly bullish, we need to beware," said Dorab Mistry, [director](https://www.crunchbase.com/organization/mission-newenergy) at Indian consumer items business Godrej International.
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He forecast the Malaysian rate around 5,000 ringgit and above until June 2025.
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Mielke and Mistry urged Indonesia to
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consider delaying
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B40 [execution](https://www.crunchbase.com/organization/mission-newenergy) on issue about its effect on [food consumers](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).
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Meanwhile, [Mistry expected](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) leading palm oil importer India to withdraw its
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import responsibility hike
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[imposed](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) from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe [Writing](https://stocktwits.com/symbol/MNEL) by [Fransiska](https://www.bloomberg.com/profile/company/MNELF:US) Nangoy \ No newline at end of file