Indonesian Palm Reserves Drop as Biodiesel Mandate Boosts Demand

  • Stockpiles fell 8.2% in June, more than 3.1% seen in survey
  • Biodiesel mandate helps boost demand for palm oil, Gapki says

Palm oil stockpiles in Indonesia fell for at least a sixth straight month in June as the world’s largest producer used more of the vegetable oil as a biofuel.

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