Indonesia news

India turns to palm oil while sunflower cargoes run short

BMD palm oil rebounded from last week's lows as Indian buyers returned. India's sunflower oil arrivals could fall to 160,000 tonnes in October.

Lindt plans cheaper Christmas chocolate before Q3 grindings

Lindt plans lower prices for Christmas chocolate and again from January, while cocoa futures rose 5.7% in London ahead of Q3 grindings data next week.

China buys less dairy but more cheese and butter

China's dairy imports fell 3.7% in milk equivalent this year while its cheese and butter buying rose about 18%. See where US suppliers gained ground in Asia.

Palm oil enters Q4 caught between record stocks and El Niño

Record Malaysian stocks weigh on palm oil now, while El Niño and Indonesia's B50 point higher. See our palm oil outlook in the free Oils & Fats Q4 report.

Palm oil falls to a three-month low on a looser Malaysian balance

BMD palm oil fell 4.7% on a looser Malaysian balance while soy, rapeseed and sunflower oil also slipped. See where Vesper expects prices to turn.

Ivory Coast farmers hold back beans over an unchanged farmgate price

ICE Europe cocoa fell 7% to close below 4,000 GBP/t while Ivory Coast farmers keep protesting a main crop farmgate price held at March's mid-crop level.

Olive oil hits a three-year low on a crop not yet picked

Spanish extra virgin olive oil has fallen to a three-year low on expectations of a 25% larger crop from Spain, Turkey and Tunisia that starts in October.

Malaysian palm stocks climb 7.5% while Q4 supply looks thinner

August MPOB data put Malaysian palm stocks up 7.5% at 2.82 mmt and BMD prices eased, but the Q4 view is tighter. Rapeseed sowing is the nearer European risk.

Indonesia confirms B50; Vesper sees 1 mmt of extra demand

Full B50 would lift palm oil going into Indonesian biofuels by 2.4 million tonnes. Vesper's estimate for growth beyond B40 without the full step is 1 million.

Deferred palm oil contracts price in an El Nino loss

GAPKI says an extreme El Nino could cut Indonesian palm oil output by up to 3 million tonnes next season. The futures curve is already splitting on it.

Palm oil's forward curve breaks above MYR 5,000 while spot eases

Palm oil's March contract broke above MYR 5,000 a tonne even as the spot month eased, while Brent's climb past $90 lifted soybean and rapeseed oil.

Brent's rebound lifts palm and soybean oil as Europe bakes

Brent crude's rebound to around $87 a barrel is lifting palm and soybean oil, while a European heatwave threatens France's corn crop.

Falling Brent outweighs Black Sea risk in vegetable oils

Black Sea disruption should be bullish for vegetable oils, but a 5% drop in Brent crude after Trump shelved an Iran strike overwhelmed it across palm and soy.

Vegetable oils diverge as Brent crude retreats

Palm and soybean oil fell as Brent crude retreated below $86 a barrel, while sunflower oil rose on continued Black Sea port disruption and slow crushing.

Bullish signals stack up across the vegetable oil complex

Brent, palm, soy, rapeseed and sunflower oil are all firming as energy, tariffs and Black Sea disruption stack bullish drivers across the complex.

Palm oil holds firm on stronger crude and festive demand hopes

Palm oil firmed this week as Brent crude climbed and Indian festive demand built, even as Indonesia's biofuel mandate timeline softened.

Vegetable oils hold steady while Brent slips and Europe overheats

Vegetable oils held firm even as Brent slipped to $73. Palm oil rose on strong Malaysian exports, while a heatwave trimmed the EU rapeseed crop outlook.

Palm oil holds firm while Brent slides on US-Iran thaw

BMD crude palm oil rebounded to $1,110/mt from $1,089/mt even as Brent slipped to $77.9 a barrel, with biofuel policy and weather now leading the market.

New Sathi crop bends old basmati prices, but the floor holds

New Sathi paddy reaching mandis in western Uttar Pradesh and Uttarakhand reset India's basmati market in early June, forcing old rice to reprice lower.

Chicken prices fell across the board last month, but the autumn outlook points higher

Brazilian chicken breast fillet led a broad poultry decline, dropping 16% to around €2,890 per tonne, in a month where every benchmark Vesper tracks fell.

Coconut oil eases further on rebuilding Philippine supply

Coconut oil fell again this week, with CIF Rotterdam down about 4% and EXW Manila close to 6%, extending a decline that has run since early May on supply.

Vegetable oils hold firm on crude rebound and biofuel demand

Vegetable oils steadied as Brent's August contract fell to $91 a barrel on May 29 then recovered to around $95 on reports Iran had suspended talks with the US.

Thai cane pivots to tapioca as China's sugar surplus builds

East Asia's sugar markets face weather and policy pulling opposite ways, with Thailand's three-month outlook pointing to above-average heat across cane areas.

Indonesia's export overhaul casts shadow over palm oil as Iran peace talks weigh on energy prices

Indonesia has announced export centralisation for key commodities including palm oil from June 1, aimed at under-invoicing, onto an already softening market.

Vegetable oils track Brent higher as El Nino and Hormuz tensions set the agenda

Brent rose from $104 to $112 a barrel and vegetable oils moved with it, on fresh US threats to Iran and a new Iranian body to oversee the Strait of Hormuz.

Vegetable oils ease with Brent on stalled Iran-US talks

Brent July closed the week at $104 a barrel, down from $114, after recovering off a $100 low as signs of progress in Iran-US peace talks then reversed.

Brent strength and biofuel mandates push vegetable oil complex higher

Vegetable oil prices rose across most of the complex as July Brent closed at $114/barrel against $101.7 a week earlier and biofuel mandates kept momentum.

Soy and palm oils lead vegetable oil gains on biofuel policy and crude rebound

Soybean and palm oil led the vegetable oil complex higher, with CBOT soy oil up to 69.63 US cents/lb from 65.50 on a crude rebound and Southeast Asian policy.

Southeast Asia biodiesel mandates reshape palm oil supply outlook

Three major Southeast Asian palm oil producers are raising biodiesel blending mandates, with Indonesia moving to B50 from July 2026 for public service fuel.

Vegetable oils slip lower on ceasefire optimism and weaker crude

BMD crude palm oil fell to $1,120/mt from $1,176/mt and CBOT soybean oil to 66.5 US cents/lb from 69.95, as ceasefire optimism and weaker crude weighed.

Vegetable oil prices ease on ceasefire news, palm oil outlook mixed

A two-week US-Iran ceasefire announced on April 8 sent Brent crude sharply lower, putting immediate pressure across the whole vegetable oil complex.

Vegetable oils rebound on crude surge and biofuel policy shifts

Palm and soybean oil led a broad vegetable oil recovery on firmer Brent and new biofuel policy in the US and Indonesia, while coconut oil moved the other way.

Palm oil prices climb on B50 speculation and supply concerns

BMD crude palm oil rose to $1,176/mt from $1,123/mt on supply developments, B50 biodiesel speculation and renewed strength in Brent crude oil prices.

Palm oil market forecast 2026: record Malaysian stocks weigh on prices despite Brent crude support

BMD crude palm oil has risen to USD 1,096/mt from USD 975/mt at the start of the year on firmer Brent and soybean oil, though supply has not yet tightened.

Vegetable oil market forecast: olive, rapeseed, soybean, sunflower, palm, coconut, palm kernel oil

Oils and fats in 2026 are pulled two ways: large harvests and record stocks point to comfort, while the energy complex pulls in the opposite direction.

How the Middle East conflict is moving commodity markets

As the Middle East conflict disrupts the Strait of Hormuz, Brent crude tops $105, find out how it's moving prices across commodity markets.

Sugar prices near multi-year lows as global surplus holds, crude volatility adds uncertainty

Sugar hit multi-year lows in mid-February before recovering, with Sugar No. 11 at 13.93 cents/lb on 3 March as crude volatility offset a global surplus.

Thailand's sugar output set to fall as disease and labour shortages reshape next season

Thailand faces a meaningful cane contraction in 2026/27, as white leaf disease, reduced migrant labour and a shift to other crops reshape the coming season.

US-Iran tensions push Brent crude higher, lifting vegetable oil prices

Concern over a potential US-Iran conflict pushed Brent to $71.5 a barrel from $68.65, lifting vegetable oil prices broadly across the complex in week 9.

Palm oil prices decline on weak February exports; POC conference flags 2026 supply risks

BMD CPO settled at $1,030/mt from $1,043/mt on weak early-February exports and Lunar New Year, while the POC Malaysia conference flagged 2026 supply risks.

India's soybean oil duty cut set to reshape vegetable oil import dynamics

India's planned reduction in soybean oil import duties under US trade agreement expected to reshape procurement patterns and intensify competition across palm,

Palm oil prices rise on strong January exports as Indian buyers shift from soybean oil

BMD crude palm oil rose to $1,051/mt from $1,003/mt on Malaysian January exports up 8-10%, as Indian buyers cancelled soybean oil shipments in favour of palm.

Indian importers secure 150,000 metric tons monthly of South American soy oil

Indian buyers have committed to more than 150,000 tonnes of South American soybean oil a month from April to July 2025, fearing tighter palm and sunflower.

Bullish mood for palm and rivals after the IPOC Conference in Indonesia

BMD crude palm oil climbed to $993/mt after the IPOC conference in Indonesia, where views diverged on production declines, land seizures and biodiesel.

Palm oil drops $50/mt on B50 doubts and weak demand

BMD spot crude palm oil fell $50 to $974/mt as doubts grew over Indonesia's B50 timeline and Malaysian stocks rose, with Indian buyers shifting to cheaper oils.

Arabica prices seen falling to $3.50 per pound on political and supply shifts

Coffee futures are heading for a correction toward $3.50 per pound from 391.55 cents, as Trump signals tariff relief and Brazil's crop outlook improves.

Indonesia's B50 biodiesel program could reshape palm oil supply in 2026

Indonesia's proposed B50 biodiesel mandate would need around 3 million extra metric tons of palm oil, raising the prospect of tighter exports in 2026.

Palm oil prices strengthen as Malaysian stocks tighten and Trump signals renewed China trade talks

Palm oil prices strengthened in October as Malaysian stocks tighten and Trump signals soybeans will be key in China talks.

Palm oil markets face competing pressures as policy shifts collide with tightening supply signals

BMD crude palm oil fell to $1,026/mt from $1,038/mt as Argentina's tax suspension triggered soybean oil sales, even as Malaysian production data hinted tighter.

Raw sugar futures break below 16 cents as Brazilian mills weigh ethanol shift

Raw sugar futures closed at 15.9 cents per pound on higher supply expectations and negative fund positioning, as Brazilian mills weigh a shift to ethanol.

Palm oil prices rise on stronger crude oil and rival vegetable oils

Palm oil prices increased to MYR 4,383/mt driven by stronger Brent crude and rival oils, though gains remain limited amid complex vegetable oil dynamics.

Rapeseed supply expands while sunflower markets tighten amid harvest delays

Ukrainian sunflower crop drops to 13.56 mmt while rapeseed forecasts rise 700k mt in Australia. Palm oil gains $20/mt on Malaysian supply concerns. Analysis.

Cocoa price discovery breaks down as structural problems persist

Cocoa markets struggle with broken price signals as Ghana's debt crisis deepens and Brazilian farmers face oligopolistic pricing pressure from processors.

Indonesian palm oil stocks remain at normal levels as production exceeds estimates

Indonesian palm oil stocks have held at normal seasonal levels after a surprising 15% jump in June production, confounding earlier estimates of tightness.

Increased inventories in the palm oil market due to slower exports and strong production in Malaysia

Malaysian palm oil inventories rise as production increases 5.52% while exports decline 9.23%. CPO prices drop to $983/mt.

Tracking Trump’s US agri-commodity trade tariffs

US President Donald Trump is set to implement taxes as high as 50% on agricultural imports unless deals can be negotiated before August 1.

Vegetable oil markets show mixed signals as laurics reach historic highs

Latest vegetable oil market analysis reveals coconut oil reaching crisis levels at $2,700/mt while palm oil gains on reduced US tariffs.

What a 50% US tariff could mean for Brazilian orange juice, coffee, and beef trade

US President Donald Trump’s threat to impose a 50% tax on all Brazilian exports could significantly affect global supply and pricing.

August 1 dairy tariffs set to reshape US import markets as European butter hits €7,000

With August 1 approaching, dairy tariff increases are building market tension as European butter reaches €7,000/mt and US whey faces export uncertainty.

USDA drastically revises soybean oil outlook as biofuel regulations reshape US demand

USDA projects record 15.5 billion pounds soybean oil for biofuels, cuts exports from 1.7B to 700M bushels. Palm oil and sunflower oil rally.

How rising coconut oil prices are driving up ice cream costs this summer

Rising coconut oil prices have pushed the cost of ice cream and production to soaring levels. What's behind the increase?

Vegetable oil markets rally as US biodiesel regulations and tariff threats reshape global trade

Palm oil and soybean oil rally as US limits biodiesel credits to North American feedstocks. Tariffs threaten global trade flows.

Vegetable oil markets face pressure as Brent crude weakens and supply forecasts rise

Palm oil, soybean oil, and rapeseed markets decline as Brent crude drops to $67.61/barrel. Get expert analysis on supply forecasts.

Oils sector calm for now: 3 key takeaways from Israel-Iran conflict so far

Oil prices climbed Wednesday after Trump announced China can continue buying Iranian oil. Analysis of Middle East tensions, vegetable oils volatility, biofuel m

Vegetable oils market declines as Middle East tensions cool

Palm oil, soy oil, and rapeseed prices fall as crude oil drops $5/barrel amid Israel-Iran ceasefire. Get Vesper's Week 26 market analysis.

Biodiesel markets caught in regulatory whirlwind as policy uncertainty deepens

Washington's tariff reversals create biodiesel market paralysis. Congressional incentives pending while feedstock flows shift.

China's massive Sugar purchases signal market shift as Asian production outlook strengthens

Chinese buyers took an estimated 2.5 million tonnes of raw sugar in May, exhausting the import quota, while Thailand's production outlook strengthens.

Biodiesel markets face mixed pressures as feedstock dynamics shift in late May 2025

European biodiesel prices diverge in late May 2025 as FOB ARA UCOME slips, UCO imports surge 17% and RME strengthens on rapeseed supply concerns.

US dairy markets show strength amid VUCA environment as Butter prices surge $0.16/lb

US dairy markets rally as butter prices surge $0.16/lb following unexpected cold storage data. NFDM and dry whey gain on weak dollar.

Palm oil prices decline as Malaysian production growth slows in week 22

CPO futures decline while Malaysian palm oil exports surge 11.63%. Production growth limited to 0.73% in May as Indonesian shipments jump 33%.

Cocoa market volatility continues: July futures swing nearly 19% in historic trading week

July cocoa futures hit $10,898 after 19% rally, then crashed 10%. Analysis reveals 20-year low liquidity, 3.5% demand drop, and West African supply gamble.

Prices hold firm despite LSGO decline

Prices hold firm despite falling LSGO values as Greenergy suspends UK operations and US grants 163 Small Refinery Exemptions.

US dairy market weekly: Cheese prices surge amid trade deal developments

Discover how the new US-China trade agreement is driving a $0.12/lb cheese price rally and creating export opportunities for US dairy producers in our latest ma

Global oils & fats market faces headwinds amid economic contraction and supply chain shifts

Explore Week 19's oils & fats market trends: US economy contracts 0.3%, Brent crude falls to $60.23, Malaysian palm stocks rise 15% while Indonesian exports dro

CBOT Soybean Oil Reclaims Premium Over BMD Crude Palm Oil After Prolonged Discount

Soybean oil has moved back above palm oil after a prolonged discount, on shifts in supply patterns, currencies and trade signals across both of these markets.

Global vegetable oil markets disrupted by Trump's 10-50% tariff policy: Palm, Soy, Rapeseed, and Sunflower Oil impacts

Trump's 10 to 50% tariffs are rippling through global vegetable oil markets. What palm, soybean, rapeseed and sunflower oil buyers need to know right now.

RK Singhal says CPO should decrease by $50/mt to attract Indian demand

Palm oil trading volumes stay subdued as prices remain uncompetitive, with Malaysian exports down 7.5% in early March. Vesper forecasts CPO at $1,000/mt.

Trade wars trigger global vegetable oil price decline: Vesper's week 10 market analysis

Trump's tariffs drive global veg oil prices down despite tight Malaysian palm stocks. Bearish outlook for palm oil through 2025.

Biodiesel market update: prices decline amid increased Asian supply

Week 8 biodiesel update: Prices drop as Asian imports impact demand. Stay informed on feedstock trends and biofuel policy shifts.

Vegetable oils market analysis – week 8: palm oil prices drop amid lower Indian imports

Palm oil prices drop as India’s imports hit a 14-year low, while Indonesia’s exports surge. Get the latest market insights.

Palm Oil market surges as stocks fall short of expectations

Palm oil prices surge as Malaysian production and stocks fall below expectations, while Indonesian exports drop sharply. Explore the market impact.

Global Biodiesel and Vegetable Oil Markets See Mixed Movements Amid Political and Economic Developments

Explore the latest trends in biodiesel and vegetable oil markets, including price drops, regulatory updates, and global supply forecasts.

Indonesian Bio Blenders Likely to Opt for Penalties Over Blending, RKS Assumes

Vesper's machine-learning model predicts a steady decline in the BMD benchmark through 2025, with the analytical team and market sentiment both in agreement.

Heavy Rains and B40 Mandate Drive Palm Oil Prices Higher, RKS Insights Is Bullish

Explore why palm oil prices are rising, with insights on the B40 policy and RKS market outlook. Stay ahead with the latest palm oil trends.

3 Key Drivers Behind Rising Palm Oil Prices

Palm oil prices surge as Malaysian supply tightens and demand rises, boosted by bullish market sentiment from the IPOC event.

Palm Oil and Palm Olein Prices in India Have Reached Their Peak – According to RKS Insights

India's import duties on edible oils aim to boost domestic production, with a 20% customs duty on crude oils like palm, and soybean.

POME Market Update: Price Movements and Regulatory Changes

The latest insights on BMD Crude Palm Oil prices, Malaysia's palm oil stocks, and rising POME prices and Indonesia's new export regulations.

Palm Oil Hits Yearly High Amid Surging Brent Crude Prices

Palm oil prices hit a yearly high, climbing above 4,300 MYR per metric ton, as Brent crude oil surges 12.1% on Middle East geopolitical tensions.

EUDR-compliant S.G. Low Moah Crude Palm Oil Benchmark Rises Week-Over-Week

Vesper's EUDR-compliant S.G. Low Moah crude palm oil benchmark rose week over week, with BMD CPO November futures climbing to MYR 4,074/mt from MYR 3,766/mt.

BMD Palm Maintains Tight Spread with CBOT Soy Oil Amid Historically Low June and July (est. by Vesper) Indonesia Stocks

Explore how BMD palm oil prices are maintaining a tight spread with CBOT soybean oil amid supply and demand shifts in Indonesia.

Animal Fats Prices Fail to Grow with Veg Oil Prices Due to Pressure from Low Demand

Vegetable oil prices are rising on higher Brent crude, US weather risk and Indonesian biofuel mandates, while animal fats stay flat on weak demand.

Biodiesel Prices Drop from Highs Amid LSGO Decline

Despite a recent decline, biodiesel values remain elevated, influenced by the Israel-Hamas conflict and OPEC+'s production decisions.

Palm Oil Update: Higher Freight Rates and Improved Production

Stay informed with the latest in the palm oil market. Explore the impact of increased freight rates and enhanced production on the industry.

Global Palm Oil Prices Slide Amidst Recovering Production and Export Challenges

Explore the decline in global palm oil prices due to increased Malaysian production and reduced exports, impacting stock levels.

Biodiesel Market Update: Feed Prices are Firm, but the Trading Activity is Limited

Biodiesel market update: EU biodiesel prices drop amidst increasing Argentine SME imports, while feedstock price remain stable.

Biodiesel and Feedstock Experience a Downward Trend, but Freight Costs are Still of Concern

Explore the latest trends in the biodiesel and feedstock market, with significant reductions recorded in our pricing index.

Increase in West-EU Biodiesel Prices Following New Legislations and Import Duties

Explore the significant increase in West-EU biodiesel prices driven by new German legislation and anticipated import duties.

Germany allows HVO100 and B10 sales at gas stations, driving ARA biodiesels up

RME, UCOME, FAME 0, and HVO (UCO) prices have all soared in West-EU markets in response to Germany's B10 and HVO100 pump sales policy change.

Crude palm oil prices inch up on the MPOB report

Discover the impact of production drops, export declines, and stock reductions on crude palm oil prices according to the latest MPOB report.

Palm Oil and Soybean Oil Prices: Latest Updates and Future Projections

Stay updated on palm oil and soybean oil prices, with insights from the latest MPOB report and impact of mineral oil price.

Vegetable oils, except palm oil, have weakened since the last report, influenced by the Red Sea crisis and a bumper soybean supply.

Vegetable oils other than palm have weakened on the Red Sea crisis and bumper soybean supply, while heavy Malaysian rain cut January palm oil output.