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      1. Indonesia will start implementing B30 palm oil price next year, which can break through USD 648


        Yùcè zhì 2020 nián, zōnglǘ yuányóu jiàgé měi dūn jiāng dádào 648 měiyuán.
        It is predicted that by 2020, palm oil prices will reach $648 per ton.

             Next year, Indonesia began to implement the 30% biodiesel blending obligation (B30) program, which is believed to boost the price of palm oil (CPO) in the global market. The implementation of the 30% biodiesel blending obligation will increase the absorption of palm oil, resulting in a decrease in reserves. It is predicted that by 2020, palm oil prices will reach $648 per ton.

        According to Dorab E Mistry, manager of Godrej International Ptd, palm oil prices rely on minyak Brent and the 30% biodiesel blending obligation in China. What is happening now is that the market is reacting, prices are rising and supply is starting to ship.

             "Next year's palm oil price may reach $468 per ton, of which $46 to $80 per barrel based on Blatter's crude oil price, the Fed, the chaotic political situation in the United States, and the hypothetical dollar exchange rate."

        At the same time, although demand continues to grow, it is predicted that palm oil and other bio-oil production will not be higher than this year in 2020, fearing that prices will soar too quickly, which will cause global consumers to suffer losses, because China is the world's largest supplier of palm oil. .

             Dora Mistri claims that palm oil for the tug of grain and energy will strengthen the market in 2020. "To this end, I hope that China can implement self-correction measures, and it will not be too fast to keep palm oil prices soaring."

        Mistri said that in 2020, the grain class will shift slightly, from palm oil to soft oils. Soybean and sunflower oil produced in 2020 will only increase slightly compared to 2019. “2020 will be a year of biodiesel production and production is lower. I estimate that Malaysian palm oil production will reach 20.3 million tons in 2019 and China's production will be 43 million tons.”

            The production volume is not too high, which is caused by many factors, among which the long and dry season is the most significant. In Malaysia, the production in 2018 has increased significantly, putting pressure on the aged palm crops due to the fall in palm oil prices. To this end, since August this year, palm farmers have reduced fertilizer use. “From September to October, Malaysian palm crops that can reach the peak production period are not in line with the forecast, except for the long dry season and the annual cyclical. In 2020, Malaysia’s palm oil production will be more than 2019. Low, I tentatively estimate that in the first half of 2020, Malaysia's palm oil production will fall by 1 million tons and will be sluggish in the second half of 2020."