UPDATE 1-Indonesia 2017 palm oil output seen rising up to 16 pct -industry assoc - Reuters

NUSA DUA, Indonesia, Nov 25 Output of crude palm oil in world No.1 producer Indonesia could increase by up to 16 percent to between 32 million and 33 million tonnes next year, an industry group said on Friday. That could eventually dampen benchmark ...and more »

Indonesians Should Be Proud of B20 Biodiesel Program: Minister - Jakarta Globe

Nusa Dua. As policy makers, industry players, and experts gather in Nusa Dua, Bali, for the world's largest palm oil conference, palm biodiesel has been cited as a promising commodity for Indonesia for the upcoming years. With the government's B20 ...and more »

Palm oil industry players express optimism over output, prices, for 2017 - New Straits Times Online

(Left to right) Oil World analyst Siegfried Falk, session moderator Wilmar Group executive Darwin Indigo, Godrej International Ltd trader Dorab Mistry and Indonesian Palm Oil Association executive director Fadhil Hasan speak during a press conference ...and more »

Indonesia sticks to its guns on B20 biodiesel, despite rising palm oil prices - New Straits Times Online

Indonesian Estate Crop Fund chief executive officer Bayu Krisnamurthi say the country will continue with its B20 biodiesel for the benefit of the industry. By OOI TEE CHING - November 25, 2016 @ 4:43pm. BALI: Indonesia is keeping to its B20 biodiesel ...and more »

CPO output to fall to 30m tons: Gapki - Jakarta Post

Indonesian businesspeople and economists expect crude palm oil (CPO) supply in the country to fall this year due to the El-Niño effect last year and predict that the supply drop will temporarily help price recovery amid a global demand slowdown.and more »

Short-term boost seen for palm prices before a likely reversal - The Star Online

"The view is that production should recover from El Nino back to 2015 numbers, but big gains could be more towards the second half of next year as there are still the lagging secondary El Nino effects," said Ivy Ng(filepic), regional head of ...and more »

Bright Prospects for Crude Palm Oil in 2017 as Biodiesel Props Up Demand - Jakarta Globe

Nusa Dua. Crude palm oil prices may spike in the first quarter of next year before it normalizes after the mid-year harvest season with Indonesian biodiesel demand expected to prop up demand throughout the year. Average crude palm oil prices are ...and more »

Palm oil prices to plunge as global output recovers -analyst Fry - Reuters

NUSA DUA, Indonesia, Nov 25 Prices for crude palm oil will drop nearly 30 percent by the third quarter of 2017 as global production recovers from the effects of last year's El Nino weather pattern, leading industry analyst James Fry said on Friday ...and more »

Palm Oil Industry Not Tapping Russia, East Europe Hard Enough - Jakarta Globe

Jakarta. Indonesia, the world's largest exporter of crude palm oil, sees potential for bigger exports to Russian and eastern European markets to counter slowing demand from traditional markets like India and China. Russia now accounts for less than 4 ...and more »

UPDATE 2-Palm oil demand from Indonesia biodiesel sector to surge by 2020 -govt agency - Reuters

... * Sees palm demand from biodiesel sector at 10.6 mln T by 2020 * Indonesia pushing to boost biodiesel usage * Govt targets 90-pct increase in unblended biodiesel consumption * Should support palm oil prices (Adds biodiesel consumption targets) By ...and more »