Platts launches Indonesia domestic POME assessment Aug 1

Platts, part of S&P Global Commodity Insights, has launched a daily assessment for Indonesia domestic palm oil mill effluent (POME), effective Aug. 1, 2025.

Indonesia produces approximately 2 million mt/year of POME, according to data from Commodity Insights. As the country increases the biodiesel blend in road transportation, it has largely reduced the export of POME and kept its production for the domestic market. The new assessment reflects domestic POME spot prices in this important market.

The Platts POME Indonesia domestic assessment reflects a free fatty acid (FFA) value of a maximum of 50%, a moisture and impurities content of a maximum of 3%, and a total fatty matter (TFM) of a minimum of 95%.

The assessment reflects a parcel size of 100 to 2,000 mt, delivering one to seven days forward from the date of publication on a delivered-at-place (DAP) Dumai, Sumatra Island, basis. Platts will also consider cargoes delivering to other locations in Sumatra Island, including Belawan, Palembang, Lampung, and Aceh, but may normalize them back to the basis location of Dumai.

Other volumes may also be considered by normalizing back to the stated volume specifications. The assessment reflects cargo values inclusive of a 12% value-added tax.

The assessment is published in Indonesian rupiah/kg (IDR/kg) and converted to a US dollar/mt equivalence using the Platts assessed US dollar-IDR exchange rate (IDRUS00).

The exchange rate follows the Singapore publishing calendar. Platts uses the last published exchange rate to derive the US dollar/mt conversion during Singapore holidays.

The assessment in Indonesia Rupiah/kg and currency conversion in $/mt have the following specifications:

The assessments are published on Platts Biofuels Alert pages PBF 2400 and 2402, in daily Platts Biofuelscan and Weekly Biomass-Based Diesel Report.

The new daily Indonesia POME domestic assessment reflects a 4:30 pm Penang time market close and follows the Penang publishing schedule.

Platts initially proposed the launch on June 3 here. The decision to launch was made on June 30, in a subscriber note here: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/063025-platts-to-launch-indonesia-domestic-pome-assessment-effective-aug-1 .

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