Indonesian palm oil stockpile may hit 5.5 mil tonnes by year-end


)The Edge) – Palm oil inventory in the world’s top producer, Indonesia, may hit a high of 5.5 million tonnes by the end of this year despite the Indonesian government’s push for its biodiesel mandate.

“The five million tonnes would have already taken into consideration additional usage for biodiesel in Indonesia and therefore, it is a bearish number for the sector,” said UOB Kay Hian plantation analyst Leow Huey Chuen at a palm oil seminar held here today.

 



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