Singapore Stock Market News
Plantations - Indonesia reveals biodiesel suppliers
StockFanatic
Publish date: Thu, 05 Nov 2015, 04:34 PM
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■ Pertamina and AKR will get 1.87m kls of biodiesel from suppliers for next 6 months.
■ Wilmar and First Resources were allocated 50% and 4% of the total volumes.
■ Biodiesel volume commitments are in line with government's 4m kls target for 2016.
■ CPO demand may rise by 2m tonnes in 2016 if Indonesia meets its biodiesel target.
■ Positive for biodiesel producers in Indonesia and CPO producers in medium term. Stay Neutral, with Astra Agro, First Resources and Genting Plantations as top picks.
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