Higher biodiesel usage is an important factor behind improving CPO prices in 2016, as CPO is the main raw material for biodiesel.
SINGAPORE/JAKARTA, November 29 (Fitch): Biodiesel demand in Indonesia is likely to continue rising in 2017, after tripling in 2016.
However, this is unlikely to lead to higher average crude palm oil (CPO) prices in 2017, relative to current levels, due to higher CPO output following improved weather conditions, says Fitch Ratings.
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