On January 17, 2014, The Jakarta Post published an article titled RI Plantation Sector: The Biodiesel Story, written by Leonardo Henry Gavaza, an analyst from Bahana Securities. The article basically highlighted potentials of Indonesia’s 10% biodiesel mandate in supporting crude palm oil (CPO) prices. The biodiesel story indeed lifted CPO prices closer to RM2900 per ton and plantation shares accordingly. But, there are some interesting facts point to biodiesel as just a story.

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