Indonesia biodiesel pause, rising output seen limiting palm oil gains

Core Viewpoint - Indonesia's decision to pause biodiesel expansion is expected to exert downward pressure on palm oil prices, despite strong demand and a slowdown in overall output growth [1] Group 1 - Indonesia's biodiesel expansion pause may lead to increased palm oil production in the coming months [1] - The anticipated higher production levels could further influence palm oil pricing dynamics [1] - Strong demand for palm oil persists, which may counterbalance some of the price pressures from increased production [1]