Add 'Indonesia Palm Oil Output Seen Recovering in 2025, However Biodiesel'

Indonesia-Palm-Oil-Output-Seen-Recovering-in-2025%2C-However-Biodiesel.md

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+<br>Indonesia prepares to [implement](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) B40 in January<br>
+<br>In that case, prices might rally 10%-15% in Jan-March, Mielke says<br>
+<br>B40 will require extra 3 mln heaps feedstock, GAPKI says<br>
+<br>Malaysia palm [oil standard](https://www.bloomberg.com/profile/company/MNELF:US) at highest given that mid-2022<br>
+<br>India might withdraw import [tax hike](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in the middle of inflation, Mistry states<br>
+<br>(Adds expert remarks, updates Malaysia's palm [oil criteria](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) cost)<br>
+<br>By Bernadette Christina<br>
+<br>NUSA DUA, Indonesia, Nov 8 (Reuters) - Indonesia's palm oil output is anticipated to recuperate in 2025 after an anticipated drop this year, however prices are anticipated to stay raised due to scheduled growth 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) mandate, industry experts said.<br>
+<br>The  benchmark price in Malaysia has increased more than 35% this year, raised by sluggish output and [Indonesia's](https://www.pinterest.com.au/missionnewenergy/) plan to increase the necessary domestic [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) mix to 40% in January from 35% now in an effort to minimize fuel imports.<br>
+<br>Palm oil output next year in top manufacturer Indonesia is [anticipated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [recover](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by 1.5 million metric tons compared with a projected drop of just over a million lots this year, Julian McGill, handling director at Glenauk Economics, informed the Indonesia Palm Oil Conference on Friday.<br>
+<br>Thomas Mielke, head of Hamburg-based research firm Oil World, said he anticipates Indonesia's palm oil production to increase by as much as 2 million lots next year after a 2.5 million lot drop in 2024.<br>
+<br>While Indonesia's output is anticipated to improve, supply from elsewhere and of other [vegetable oils](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) is seen tightening up.<br>
+<br>[Palm oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) output in neighbouring Malaysia is anticipated to dip somewhat next year after increasing by an approximated 1 million tons in 2024.<br>
+<br>"We would require a healing in palm in 2025 because combined exports of soya, sunflower and rapeseed oils are decreasing," Mielke said.<br>
+<br>'FRIGHTENING' PRICE SURGE<br>
+<br>The price rise in [palm oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in the previous seven weeks has been "frightening" for purchasers, Mielke stated, including that it would rally by 10%-15% in January-March if Indonesia implements the [so-called](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) B40 policy.<br>
+<br>The Indonesia Palm [Oil Association](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) stated extra feedstock of around 3 million loads will be needed for B40 application, eroding export supply.<br>
+<br>The present palm oil premium has currently caused palm to lose market share against other oils, Mielke included.<br>
+<br>Malaysian palm oil prices are seen trading at around $950 to $1,050 per metric ton in 2025, McGill of Glenauk approximated.<br>
+<br>Benchmark Malaysian palm oil touched 5,104 ringgit ($1,165.30) on Friday, the highest since mid-2022.<br>
+<br>"Sentiment today is red-hot and incredibly bullish, we need to beware," said Dorab Mistry, director at Indian customer goods business Godrej International.<br>
+<br>He forecast the Malaysian rate around 5,000 [ringgit](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and above till June 2025.<br>
+<br>Mielke and [Mistry prompted](https://www.bloomberg.com/profile/company/MNELF:US) Indonesia to<br>
+<br>think about delaying<br>
+<br>B40 execution on issue about its effect on food consumers.<br>
+<br>Meanwhile, Mistry expected top palm oil [importer](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) India to withdraw its<br>
+<br>import duty walking<br>
+<br>[imposed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from September after elections in the state of [Maharashtra](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in November. ($1 = 4.3800 ringgit) ([Reporting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [Bernadette Christina](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) Munthe Writing by Fransiska Nangoy