Biodiesel Technology Jakarta on November 26 message: Palm oil of global number one produces a country of —— Indonesia volume of palm oil export may appear 8 years to glide first, because the government raises biology fuel yield.
Fund of Indonesian and landed crop is in charge of Bayu Krisnamurthi to say, volume of export of Indonesian 2016 palm oil may be made an appointment with than decreasing this year 10% . Indonesian this year palm oil exports a quantity to predict to be 25 million tons. His complement says, demand of derv of Indonesian 2016 biology may rise at least 7.1 million 1000 liter (add up to 1.9 billion gallon) , prep above the 1.3 million 1000 liter this year. Indonesian will enforce biology fuel 2016 mix into is mixed rate from current 15% rise 20% .
Biology derv demand increases those who conduce to palm oil to rise prices is lengthened. At present price of Malaysia palm oil has been in from 6 years of when achieve by August half low rebound nearly 23% , the smog that because market concern comes nearly 20 years,weather of the strongest ell Ni Nuo and Indonesian forest conflagration cause may restrict palm oil to supply.
Krisnamurthi is accepted in Jakarta last week when interviewing, point out, at present palm oil is supplied superfluous, the sources of energy is the biggest and also be the market that drains excess palm oil the most likely. Indonesian government devotes oneself to to raise biology derv yield, because biology derv is cleaner than mineral oil, and conduce to reduce derv to import cost.
The demand of biology derv industry may raise standard of oil price of Zhen Zong Lv. Krisnamurthi predicts price of 1 quarter palm oil will arrive in 550 dollars 2016 600 dollars, 2 quarters will go up to 600 to 700 dollars. Zhou Si, malaysia is derived taste bourse (BMD) closing quotation of futures of wool palm oil rises. Fiducial Mao Zong Lv is oily in Feburary period make an appointment with closing quotation to rise 44 your auspicious or 1.9 percent, the newspaper receives 2342 your auspicious / ton, add up to every tons of 555 dollars.
Dorab Mistry of director of Godrej international company says, project of Indonesian biology derv whether successful key depends on allowance and derv and gas price. Because reserve of Indonesian palm oil is huge, this project may be finite to the influence of exit.
The investigation of Peng rich company shows, inventory of Indonesian palm oil is 2.94 million tons by September. The data of the bureau shows Malaysia palm oil, inventory of palm oil of the Malaysia end October is added reach 2.83 million record-breaking tons. Krisnamurthi predicts crop of Indonesian 2016 palm oil may upright to go to 32.3 million tons at 30.6 million tons, and on produce per year a quantity to keep balance to perhaps drop 3% .
Hui Yuguo border (Fitch Ratings) arrange period points out in the report November 23, because crude price is low,confuse, malaysia car manufacturer boycotts biology derv, indonesian supply infrastructure does not perfect catenary, bring about Malaysia and Indonesian biology derv dosage under anticipate. Go one year in, crude price has dropped 40% above, because the market imagines the whole world,supply will last superfluous. #p#·ÖÒ³±êÌâ#e#