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<br>[Indonesia plans](https://www.businessnews.com.au/Company/Mission-NewEnergy) to carry out B40 in January<br> |
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<br>In that case, costs may rally 10%-15% in Jan-March, Mielke says<br> |
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<br>B40 will need extra 3 [mln heaps](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) feedstock, GAPKI states<br> |
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<br>[Malaysia palm](https://forest500.org/rankings/companies/mission-newenergy-limited) [oil criteria](https://www.bloomberg.com/profile/company/MNELF:US) at highest given that mid-2022<br> |
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<br>India might [withdraw import](https://stocktwits.com/symbol/MNEL) tax hike in the middle of inflation, Mistry states<br> |
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<br>(Adds expert comments, updates Malaysia's palm oil criteria price)<br> |
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<br>By [Bernadette](https://www.businessnews.com.au/Company/Mission-NewEnergy) Christina<br> |
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<br>NUSA DUA, Indonesia, Nov 8 (Reuters) - Indonesia's [palm oil](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) output is anticipated to recuperate in 2025 after an expected drop this year, but rates are expected to remain raised due to scheduled growth of the nation's [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) mandate, [industry analysts](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) stated.<br> |
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<br>The palm oil cost in Malaysia has increased more than 35% this year, lifted by slow output and Indonesia's plan to increase the mandatory domestic [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) blend to 40% in January from 35% now in an effort to lower fuel imports.<br> |
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<br>Palm oil output next year in leading producer Indonesia is anticipated to recuperate by 1.5 million metric lots compared with an [estimated drop](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of just over a million heaps this year, Julian McGill, managing director at Glenauk Economics, informed the Indonesia Palm Oil Conference on Friday.<br> |
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<br>Thomas Mielke, head of Hamburg-based research study firm Oil World, stated he anticipates Indonesia's palm oil production to increase by as much as 2 million loads next year after a 2.5 million heap drop in 2024.<br> |
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<br>While Indonesia's output is forecast to enhance, provide from somewhere else and of other vegetable oils is seen tightening.<br> |
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<br>Palm oil output in [neighbouring Malaysia](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) is [anticipated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to dip slightly next year after increasing by an [estimated](https://www.pinterest.com.au/missionnewenergy/) 1 million tons in 2024.<br> |
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<br>"We would require a recovery in palm in 2025 since combined exports of soya, sunflower and rapeseed oils are declining," Mielke stated.<br> |
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<br>'FRIGHTENING' PRICE SURGE<br> |
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<br>The [cost rise](https://www.bloomberg.com/profile/company/MNELF:US) in palm oil in the past seven weeks has actually been "frightening" for buyers, Mielke said, including that it would rally by 10%-15% in January-March if Indonesia enforces the so-called B40 policy.<br> |
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<br>The Indonesia Palm Oil Association said additional feedstock of around 3 million tons will be required for B40 implementation, wearing down export supply.<br> |
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<br>The present palm oil premium has actually currently triggered palm to lose market [share versus](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) other oils, Mielke added.<br> |
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<br>Malaysian palm oil prices are seen [trading](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) at around $950 to $1,050 per metric heap in 2025, McGill of Glenauk approximated.<br> |
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<br>Benchmark Malaysian palm oil touched 5,104 ringgit ($1,165.30) on Friday, the greatest given that mid-2022.<br> |
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<br>"Sentiment today is red-hot and exceptionally bullish, we have to take care," stated Dorab Mistry, [director](https://www.bloomberg.com/profile/company/MNELF:US) at Indian customer products business Godrej International.<br> |
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<br>He forecast the Malaysian price around 5,000 [ringgit](https://www.google.com/search?kgmid=/m/0cqd_rb) 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 postponing<br> |
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<br>B40 execution on concern about its effect on food consumers.<br> |
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<br>Meanwhile, [Mistry anticipated](https://stocktwits.com/symbol/MNEL) top palm oil importer India to withdraw its<br> |
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<br>import duty hike<br> |
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<br>[enforced](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) from September after elections in the state of Maharashtra in November. ($1 = 4.3800 ringgit) (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy |
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