Singapore Stock Market News

Plantations - Indonesia reveals biodiesel suppliers

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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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