Indonesian Energy Minister Baril Rahadalia stated that Indonesia's biodiesel consumption reached 10.57 million kiloliters from January to September this year, a nearly 10% increase compared to the same period last year. This reflects strong domestic demand amidst the energy transition, which may constrain palm oil export supplies.

Indonesia's biodiesel consumption increased 10% year-on-year to 10.57 million kiloliters, reflecting a surge in domestic demand driven by the energy transition. As the world's largest palm oil producer, Indonesia is shifting more feedstock to biodiesel production, directly tightening export supply. This structural shift is significantly positive for spot prices: 1) The increase in domestic consumption is squeezing export quotas; 2) policy guidance strengthens demand; and 3) a tightening global supply-demand balance supports price growth.

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