Indonesia: Biofuels Annual
Link to report:
Indonesia has maintained its nationwide biodiesel program with a high on-road blending rate average of 30 percent nationwide since 2020, despite the financial challenge of supporting a widening price spread between palm oil and diesel prices during the COVID-19 pandemic. After facing significant shortfalls in 2020, the CPO Fund subsidy program has generated record revenue as a result of high global palm prices during the first semester of 2021. Biodiesel exports are forecast to remain low due to export taxes, COVID-impacted demand for diesel in Europe, and a CPO-diesel price spread that has sharply curtailed China’s discretionary demand.
