In Indonesia, Reuters reports the country is looking to increase levies on palm oil exports in order to support biodiesel blending. Oil prices are expected to remain weak next year as the COVID-19 pandemic continues to weigh on demand, together with oversupply issues globally, which hurts the competitiveness of palm oil biodiesel. In June, the levy was raised to $55 per metric ton of exported crude palm oil. Biodiesel blending is currently at 30% but the government hopes to raise that to 40% by July.
