Affected by CPO, the Biodiesel Market Index in June Back Down | DZHI - DZH International 
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Affected by CPO, the Biodiesel Market Index in June Back Down

  • i2Matrix
  • 13 June 2019
 
The Directorate General of New Energy, Renewable Energy and Energy Conservation of the Ministry of Energy and Mineral Resources (ESDM) re-released the Price of Market Biodiversity Index (HIP) for June 2019.  
 
Biodiesel HIP for biodiesel in June 2019 was Rp 6,977 per liter Rp. 371 from last month, which was Rp. 7,348 per liter.  
 
The Head of the Communication, Public Information Service and ESDM Ministry of Cooperation, Agung Pribadi said Biodiesel HIP was declining due to the price of Crude Palm Oil (CPO).  
 
On April 15-May 2019 the price of CPO Kharisma Marketing Bersama (KPB) amounted to Rp 6,598 per kilogram (kg), while on March 15-April 14 2019 it was at the level of Rp 7,026 per kg.  
 
"This price also applies to B20 or a mixture of Biodiesel to Oil Fuel (BBM) of 20%," he said, in a press statement on Wednesday (12/6).  
 
Meanwhile, for Bioethanol HIP in June, the Ministry of Energy and Mineral Resources sets a total of Rp. 10,201 per liter or an increase of Rp. 6 compared to last month at Rp.  
 
Meanwhile, for the average cane of KPB during April 15 to May 14 2019 it was recorded Rp. 1,611 per kg, or the same compared to the previous period. 
 
Agung explained that the increase in prices was caused by an increase in the rupiah exchange rate against the dollar.  
 
"Experiencing changes due to fluctuations in CPO prices and the movement of the rupiah exchange rate against the US dollar," he said.  
 
The calculation of bioethanol prices uses the HIP formula = (The average KPB cane drops are 3 months x 4.125 Kg / L) + US $ 0.25 / liter.  
 
Whereas for biodiesel using the HIP formula = (Average CPO of KPB + 100 USD / ton) x 870 Kg / m3 + Cost of Transport.  
 
The BBN HIP is set every month and is evaluated at least six months by the Director General of New Renewable Energy and Energy Conservation (EBTKE). 
 
(Translated with Google Translate from https://katadata.co.id/berita/2019/06/12/terpengaruh-cpo-indeks-pasar-biodiesel-pada-juni-kembali-turun)  
 
-- KataData 
 
 

 

 


 

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