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<br>Indonesia plans to carry out B40 in January<br>
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<br>In that case, prices might rally 10%-15% in Jan-March, Mielke states<br>
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<br>B40 will require extra 3 mln heaps feedstock, GAPKI says<br>
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<br>[Malaysia palm](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) oil standard at highest given that mid-2022<br>
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<br>India may withdraw import tax hike amid inflation, Mistry states<br>
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<br>(Adds analyst comments, [updates Malaysia's](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) palm oil criteria rate)<br>
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<br>By [Bernadette](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Christina<br>
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<br>NUSA DUA, Indonesia, Nov 8 (Reuters) [- Indonesia's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) palm [oil output](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is forecast to recuperate in 2025 after an expected drop this year, however rates are expected to remain raised due to planned growth of the country's [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) required, market analysts said.<br>
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<br>The palm oil standard cost in Malaysia has actually [increased](https://www.bloomberg.com/profile/company/MNELF:US) more than 35% this year, raised by slow output and Indonesia's plan to [increase](https://www.zoominfo.com/c/mission-newenergy/346542889) the [obligatory domestic](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) mix to 40% in January from 35% now in an effort to decrease fuel imports.<br>
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<br>Palm oil output next year in leading manufacturer Indonesia is anticipated to [recover](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by 1.5 million metric lots compared to an [estimated drop](https://www.bloomberg.com/profile/company/MNELF:US) of just over a million tons this year, Julian McGill, [handling director](https://pitchbook.com/profiles/company/51278-86) at Glenauk Economics, told the Indonesia Palm [Oil Conference](https://www.google.com/search?kgmid=/m/0cqd_rb) on Friday.<br>
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<br>Thomas Mielke, head of Hamburg-based research study firm Oil World, said he anticipates Indonesia's palm oil production to increase by as much as 2 million heaps next year after a 2.5 million load drop in 2024.<br>
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<br>While Indonesia's output is forecast to improve, supply from in other places and of other veggie oils is seen tightening up.<br>
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<br>Palm oil output in neighbouring Malaysia is [expected](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to dip slightly next year after increasing by an approximated 1 million tons in 2024.<br>
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<br>"We would require a healing in palm in 2025 because 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 cost rise in palm oil in the past seven weeks has been "frightening" for buyers, Mielke stated, adding that it would rally by 10%-15% in January-March if Indonesia imposes the so-called B40 policy.<br>
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<br>The Indonesia Palm Oil Association stated extra feedstock of around 3 million tons will be required for B40 execution, wearing down export supply.<br>
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<br>The [current](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) palm oil premium has actually already caused palm to lose versus other oils, [Mielke included](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
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<br>Malaysian palm oil prices are seen trading at around $950 to $1,050 per metric heap in 2025, McGill of Glenauk estimated.<br>
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<br>Benchmark Malaysian palm oil touched 5,104 [ringgit](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) ($1,165.30) on Friday, the greatest because mid-2022.<br>
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<br>"Sentiment today is red-hot and exceptionally bullish, we have to take care," said Dorab Mistry, director at Indian durable goods business Godrej International.<br>
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<br>He [forecast](https://www.businessnews.com.au/Company/Mission-NewEnergy) the Malaysian cost around 5,000 ringgit and above up until June 2025.<br>
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<br>Mielke and Mistry urged Indonesia to<br>
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<br>think about delaying<br>
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<br>B40 implementation on issue about its influence on food consumers.<br>
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<br>Meanwhile, Mistry anticipated leading palm oil importer India to withdraw its<br>
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<br>import duty walking<br>
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<br>imposed from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe Writing by [Fransiska](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Nangoy
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