The Palm Scribe

Price expected to increase

Kompas, 1 September 2018

The implementation of expanded 20% blended biodiesel (B20) utilization for non-Public Service Obligation (non-PSO) vehicles on Saturday (1 September) is expected to increase the global crude palm oil (CPO) price, as the new policy will reduce Indonesia’s palm oil stock. Economic Affairs Coordinating Minister Darmin Nasution said on Friday (30 August) that the CPO price is expected to show a positive trend in early 2019. According to the Indonesian Palm Oil Producers Association’s (GAPKI) data, the CPO price continued to dwindle this year, reaching $557.5 per tonne on 30 August compared to $697.5 per tonne on 3 January.

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