Indonesia’s new biodiesel mandate to support global palm oil prices
India’s palm oil imports from Malaysia reached an 11-month high of 312,000 tonnes in September, tightening global vegetable oil supplies. Prices remain above MYR 4,400/tonne, supported by Indonesia’s potential B50 biodiesel mandate and falling soybean oil exports from the US, Brazil, and Argentina, raising concerns over higher cooking oil costs in 2026.
India’s palm oil imports from Malaysia hit an 11-month high of 312,000 tonnes in September, tightening global vegetable oil supplies. Prices are currently holding above MYR (Malaysian ringgit) 4,400 per tonne, supported by Indonesia’s potential B50 biodiesel mandate and falling soybean oil exports from the US, Brazil and Argentina.
Analysts warn consumers may see sustained upward pressure on cooking oil prices heading into 2026.
According to a press release issued by the Malaysian Palm Oil Council (MPOC), the country’s palm oil exports surged in September, led by a sharp rebound in shipments to India, signalling a critical boost for the world’s largest edible oil importer.
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Source : The Hindu Business line
