Oscar Tjakra

Feb 15, 2024 | research.rabobank.com | Oscar Tjakra

Rabobank sees opportunities for establishing soybean crushing in Indonesia, although there are some challenges as well. Summary Indonesia is South-East Asia’s second-largest soymeal consumer, but it has no crushing industry. This is partly because it is one of the smallest soy oil consumers, due to the abundance of cheaper palm oil.

Jan 9, 2024 | research.rabobank.com | Oscar Tjakra

As land availability is limited, old oil palm tree replanting programmes are important in order to increase palm oil production in Indonesia and Malaysia. But a combination of large expenditure, which is needed for replanting, and a relatively low palm oil price environment has slowed down the much-needed replanting programme in both countries.

Jan 9, 2024 | research.rabobank.com | Michael Magdovitz |Oscar Tjakra

The flood of global vegetable oil has slowed over recent months, courtesy of historically low prices and record biodiesel demand. Since April 2018, leading demand indicators such as POGO (the Palm Oil-Gas Oil price ratio) and the B-100 FOB Midwest vs on-highway Diesel price ratio have tilted in biodiesel’s favour. Biodiesel’s bargain status has accelerated global consumption of palm oil and soy oil, which account for over half of its feedstock.

Aug 24, 2023 | research.rabobank.com | Oscar Tjakra

In May 2023, the European Council adopted the EU Deforestation-free Regulation (EUDR). Large and medium-sized companies that place palm oil and palm oil derivatives in the EU-27 (a major palm oil and palm oil derivatives importer) have an 18-month grace period to comply with the law, which went into force in June Initially, the global palm oil supply chain will face challenges, as investment throughout the supply chain is needed to comply with EUDR requirements.

Feb 23, 2023 | research.rabobank.com | Oscar Tjakra

February 2023 Currently, Asia is the largest collector of used cooking oil (UCO) globally, but the majority of its supplies is exported due to limited consumption in the region. Looking ahead, Rabobank expects Asia’s consumption of UCO and its products (UCO&P) to increase in the medium term due to global decarbonization efforts in international maritime and aviation sectors.