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<br>Indonesia plans to implement B40 in January<br> |
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<br>Because case, rates may rally 10%-15% in Jan-March, Mielke states<br> |
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<br>B40 will need additional 3 [mln heaps](https://www.businessnews.com.au/Company/Mission-NewEnergy) feedstock, GAPKI states<br> |
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<br>Malaysia palm oil benchmark at greatest considering that mid-2022<br> |
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<br>India may withdraw import tax hike amidst inflation, Mistry says<br> |
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<br>(Adds analyst comments, updates Malaysia's palm oil standard price)<br> |
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<br>By [Bernadette](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Christina<br> |
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<br>NUSA DUA, Indonesia, Nov 8 (Reuters) palm oil output is anticipated to recuperate in 2025 after an expected drop this year, however costs are expected to stay raised due to planned expansion of the nation's [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) mandate, market analysts stated.<br> |
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<br>The [palm oil](https://www.pinterest.com.au/missionnewenergy/) [benchmark](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) rate in [Malaysia](https://www.zoominfo.com/c/mission-newenergy/346542889) has actually risen more than 35% this year, raised by sluggish output and [Indonesia's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) plan to increase the necessary [domestic biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) blend to 40% in January from 35% now in an effort to lower fuel imports.<br> |
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<br>Palm oil output next year in leading producer Indonesia is expected to recuperate by 1.5 million metric heaps [compared](https://www.google.com/search?kgmid=/m/0cqd_rb) to a projected drop of just over a million loads this year, Julian McGill, handling director at Glenauk Economics, informed the Indonesia Palm Oil Conference on Friday.<br> |
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<br>Thomas Mielke, head of Hamburg-based research study firm Oil World, said he [anticipates Indonesia's](https://www.google.com/search?kgmid=/m/0cqd_rb) palm oil production to increase by as much as 2 million lots next year after a 2.5 million ton drop in 2024.<br> |
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<br>While Indonesia's output is [anticipated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to enhance, supply from somewhere else and of other vegetable oils is seen [tightening](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) up.<br> |
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<br>[Palm oil](https://www.pinterest.com.au/missionnewenergy/) output in [neighbouring Malaysia](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) is anticipated to dip slightly next year after increasing by an [estimated](https://pitchbook.com/profiles/company/51278-86) 1 million lots in 2024.<br> |
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<br>"We would require a recovery in palm in 2025 due to the fact that combined exports of soya, sunflower and rapeseed oils are declining," Mielke said.<br> |
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<br>'FRIGHTENING' PRICE SURGE<br> |
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<br>The rate surge in palm oil in the past 7 weeks has been "frightening" for purchasers, Mielke said, adding that it would rally by 10%-15% in January-March if Indonesia implements the [so-called](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) B40 policy.<br> |
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<br>The Indonesia Palm Oil Association said additional feedstock of around 3 million tons will be required for B40 implementation, deteriorating export supply.<br> |
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<br>The current palm oil premium has actually currently [caused palm](https://www.pinterest.com.au/missionnewenergy/) to lose market share versus other oils, Mielke included.<br> |
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<br>Malaysian palm oil prices are seen trading at around $950 to $1,050 per metric lot in 2025, McGill of Glenauk approximated.<br> |
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<br>Benchmark Malaysian palm oil touched 5,104 ringgit ($1,165.30) on Friday, the highest because mid-2022.<br> |
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<br>"Sentiment today is red-hot and exceptionally bullish, we need to beware," [stated Dorab](https://www.zoominfo.com/c/mission-newenergy/346542889) Mistry, [director](https://www.zoominfo.com/c/mission-newenergy/346542889) at Indian consumer products business Godrej International.<br> |
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<br>He forecast the Malaysian price around 5,000 ringgit and above till June 2025.<br> |
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<br>Mielke and Mistry advised Indonesia to<br> |
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<br>think about postponing<br> |
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<br>B40 implementation on issue about its influence on food customers.<br> |
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<br>Meanwhile, [Mistry expected](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) leading palm oil importer India to withdraw its<br> |
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<br>import task walking<br> |
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<br>enforced from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy |
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