No decision has been made yet by Indonesia, the world's largest palm oil producer, Yuliot added in comments sent to Reuters over the weekend. Indonesia's biodiesel mandate often affects global palm oil prices as increased domestic use reduces available exports. Oil prices surged on Monday to above US$100 (RM396.75) per barrel. Palm oil prices also rallied on expectations that rising crude prices will boost demand for biodiesel feedstocks. Finance Minister Purbaya Yudhi Sadewa said Indonesia is prepared to raise the allocation for fuel subsidies to absorb the shock from rising global oil prices.

Source: The Edge Markets March 09, 2026 08:38 UTC