市场快讯：印尼推行B50正式实施棕榈油强豆弱

Report Summary 1. Report Industry Investment Rating - No specific industry investment rating is provided in the report. 2. Core Viewpoint of the Report - Due to the long - term high international oil prices caused by the short - term irreconcilable Middle East conflicts and the implementation of Indonesia's B50 program, the supply of palm oil will be further tightened, which will provide long - term support for both domestic and foreign palm oil markets. It is recommended to hold long positions in palm oil and shrink the soybean price spread in arbitrage [4]. 3. Summary by Related Contents Indonesia's B50 Policy - On March 30, the Indonesian president announced that the mixing ratio of palm oil and diesel would be increased from 40% to 50%, causing the main contract of Malaysian palm oil to rise by 3.2% and the main contract of Dalian Commodity Exchange to rise by 1.66% [7][3]. - As the world's largest producer and exporter of palm oil, Indonesia has long relied on imported diesel. To enhance energy security, save foreign exchange, and digest excess palm oil inventory, the government has continuously increased the biodiesel blending ratio since 2023, aiming for B50 (50%) [7]. - In 2026, about 5.3 million tons of crude palm oil (CPO) will be needed for B50 production, and the total demand for palm - based biofuels will reach about 18 - 20.1 billion liters [7]. Situation of US Soybean Oil - The positive factors for US soybean oil are exhausted after the implementation of the biodiesel plan. US soybean oil has risen from 48 - 70 cents, a 30% increase. Capital has been laying out long - positions for more than four months, and there is an obvious demand for profit - taking [7].