Posted by calvintaneng > 1 month ago | Report Abuse

Well done Bumitama !

beginning Jan 2025 Indonesia will implement B40 which is mandatory. From there it will move up to B50 and eventually to B100

by the time B100 arrives 77% of all palm oil produced in Indonesia will be used as Biofuel leaving only 23% as domestic cooking oil and other needs. There will be a drastic shortfall left for exports

Hence, this long term structural trend of higher and sustained prices of Cpo will be in place